eZ Cash, Sri Lanka’s largest Mobile Money and Payments Service enables Smart and Super Convenient ‘Scan & Pay’ QR Functionality

Embargo: Friday 26th January, 2018 - 12 am

Sri Lanka’s first and largest Mobile Money and Payment Service, eZ Cash, announced the launch of the Quick Response (QR) code feature on its cutting edge eZ Cash app, enabling “Scan to Pay” and “Scan to Transfer” Services via smartphone for the first time in Sri Lanka. eZ Cash has been at the forefront of Mobile Payment Technology innovation in Sri Lanka as well as globally. In 2015, eZ Cash was named the winner of the Global Mobile Award for the “Best Mobile Money Platform” at the Mobile World Congress. eZ Cash services are now available to over 16 million mobile subscribers across Dialog, Etisalat, Hutch and Airtel Mobile Networks.

The latest QR code based “Scan & Pay” feature will be available via the eZ Cash app on any smartphone, and will enable eZ Cash customers to transfer money to any other eZ Cash customer or to make payments across the expansive eZ Cash Merchant Network by simply scanning the QR code of the recipient.

eZ Cash customers and merchants can download their personalised secure QR code via their respective eZ Cash apps, and choose to retain it in their eZ Cash App or print it as a display label. The enhanced convenience delivered by the Scan & Pay feature includes the elimination of the need to enter the recipient’s mobile number or Merchant ID since this information is digitally encoded in the QR code of the recipient, in addition to a quantum reduction in transaction time required to make a digital payment via mobile.

eZ Cash QR ‘Scan & Pay’ is set to transform the way money is exchanged between individuals as well as between customers and service providers, with an eco-system of millions of smartphone users – whether they be individuals, service providers or merchants, now being able to “Scan & Pay” each other.

While delivering a breakthrough in Mobile Money Transfer and Mobile Payment convenience, Scan & Pay transactions via eZ Cash will conform to the highest level of Mobile Payment security standards. All transactions will be PIN protected and secured by Triple Data Encryption Algorithm widely known as 3DES authentication and transaction security protocols. All transactions will be further validated via a confirmation SMS being transmitted instantly to both transacting parties.

During the first phase of introduction, Scan & Pay will be available at selected eZ Cash merchants, offering a 10% discount to all eZ Cash customers. The service will later expand to host over 20,000 retail merchants and small stores across the country.

Commenting on the new QR Code feature, Fariq Cader, Vice President - Digital Services, Dialog Axiata PLC said, “eZ Cash has been at the forefront of all mobile payments in Sri Lanka and will continue to innovate in the space of financial inclusion by leveraging mobile technologies. The QR code greatly enhances the convenience of Mobile Payments and Money Transfers and is the next chapter in our thrust to deliver inclusive payment solutions venturing beyond traditional methods, and to empower all citizens of Sri Lanka through cutting edge mobile payments telephony.”

To subscribe for the eZ Cash service or to enable Scan & Pay via an existing eZ Cash account, subscribers on Dialog, Etisalat and Hutch mobile networks can download the eZ Cash app from Google Play Store or Apple Store. eZ Cash subscribers can top-up their eZ Cash accounts via Commercial Bank, Sampath Bank, PABC and NSB online banking portals, or at over 20,000 retail outlets island wide in addition to Dialog, Etisalat and Hutch Customer Centres across the country.

About eZ Cash

eZ Cash was launched in June 2012 under the aegis of the Payments and Settlements Act No 28 of 2005, becoming Sri Lanka’s first mobile money service that permitted sending and receiving money. It has the distinction of being the world’s first inter-operable mobile money service and was honoured with the Global Award for Best Mobile Money Service at the Mobile World Congress in 2015. Operating under the license from the Central Bank of Sri Lanka (CBSL), the revolutionary mobile money network accounts for over 16 million subscribers across Dialog, Etisalat, and Hutch and over 20,000 merchant partners around the island.

Consumers can use eZ Cash to send and receive money locally across the network’s user base; receive inward remittances; make online purchases and transactions on over 180 websites; and make a host of payments including water, electricity and mobile bills, mobile reloads, and insurance premiums. eZ Cash accounts can be topped up at eZ Cash merchant outlets island wide and through online banking portals of several leading banks while withdrawals can be performed at eZ Cash merchant outlets and selected ATMs.

Dial #111# today and register for eZ Cash to experience the power of Money in your Mobile. Call 7111 for more information.