Press Releases

Wednesday, 10th July 2019

Merchant Bank of Sri Lanka & Finance PLC comes on-board the mCash platform to offer greater customer convenience  

(Middle) Exchanging of the partnership agreement between Nalin Perera - Chief Executive Officer, Mobitel and Jude Gamalath - Chief Executive Officer (Actg) MBSL & Finance. Also present at the agreement signing (Left to right): Hiranya Karunarathne - Product Executive Mobitel, Kalhara Gamage - General Manager, Mobile Financial Services Mobitel, Dhammika Gunawardhana - Assistant General Manager HR MBSL & Finance and Madonna Samasundera - Assistant Brand Manager of MBSL & Finance.

mCash, one of Sri Lanka’s pioneering Mobile Financial Services Platform, is partnering Merchant Bank of Sri Lanka & Finance PLC to offer its customers the convenience of making payments via the mCash platform. As a direct benefit of this partnership, customers of Merchant Bank of Sri Lanka and Finance PLC can make their leasing payments via mCash with ease. They need to simply dial #111# or download the mCash App and select Merchant Bank of Sri Lanka and Finance PLC by following the specific instructions given on the menu or visit any of the widespread mCash retailer locations island-wide. 

With over 37 years of history, Merchant Bank of Sri Lanka and Finance PLC is rapidly emerging as one of the most stable and fastest growing financial service providers in Sri Lanka. Established in 1982, the Merchant Bank of Sri Lanka and Finance PLC was quoted as a public listed company on the Colombo Stock Exchange in 1991 and a subsidiary of Bank of Ceylon.  

At present, MBSL, which functions as a highly successful leading pioneer in Sri Lanka's investment and merchant banking sector, offer customers a wide range of products such as leasing facilities, corporate and retail credit to small and medium scale industries and business enterprises, pawning services and property sales, corporate advisory and capital market, stock market brokerage, savings and children's accounts and fixed deposits.

mCash is a Mobile Wallet conceptualized by the National Mobile Service Provider, Mobitel and approved by the Central Bank of Sri Lanka which was launched in November 2013 capitalizing the telecommunication infra-structure to conveniently, instantly & securely enable financial transactions by using a mobile phone. Mobitel embarked on the journey of providing financial services in the country allowing the entire financial industry to benefit from its core competitive advantages such as the reach to Customers and the distribution network that has spread throughout the country enabling digital financial inclusion to every Sri Lankan.

mCash offers services such as Sending & Receiving Money, Mobile Reloads & Bill Payments, Utility & Institute Payments, Online & In-store Shopping Payments via mCashQR which has been developed to the global EMVCo standards, Bank Deposits and Digital Loans where Customer could apply & get a Loan from the mobile via mCash. To register for mCash simply dial #111# from your Mobitel or Etisalat phone and to start using the mCash Account, Top Up the mCash account using the mCash extensive retailer network that includes small corner shops to leading retail outlets adding up to 16,000+ touch points island-wide including Mobitel Branches, SLT Teleshops, Singer showrooms, Abans showrooms, Keells Super, Lanka Bell, Amana Banks, Pay & Go KIOSK, Sanasa Development Bank or top up mCash from the Bank Account directly via the mCash App or Commercial Bank, HNB, PABC and Cargills Bank Mobile & Internet Banking.


Thursday, 4th July 2019

Mobitel Cash Bonanza Carnival for June delights residents of Polonnaruwa  

Monday, 01 July 2019, Colombo: The National Mobile Service Provider, Mobitel, successfully concluded the eagerly-awaited 39th episode of its much acclaimed loyalty rewards programme, ‘Mobitel Cash Bonanza Carnival’ at the National Sports Complex, Polonnaruwa, to the amazement of the local residents. One of the customer loyalty events to be organized on such a large scale, it attracts thousands of customers who participate with great enthusiasm and excitement, grateful to be part of the legendary Mobitel Cash Bonanza. Full of prizes, surprises and gala fun events for the whole family, it fulfils Mobitel’s mission to reward customers in a resounding manner. In existence for 4 years now, Mobitel customers in every town and city wait with bated breath to have Mobitel Cash Bonanza Carnival grace their hometown. Over the years the event has evolved into a wonderful combination of next generation technology with good old-fashioned fun and games for friends and family to relax and be rewarded.


The Mobitel Cash Bonanza carnival attracts customers across all age groups and the locations are selected to ensure they can accommodate large crowds for maximum enjoyment. The National Sports Complex at Polonnaruwa came alive to music, laughter and fun on the occasion of the Mobitel Cash Bonanza Carnival. A variety of diverse fun and entertaining activities were organized throughout the day, including Bunjee jumping, art competitions, IOT workshops, kids play area and Mobitel services and product kiosks.


The firm favourite activity at the Carnival is the ‘gaming zone’ powered by the high speed Mobitel 4G internet connection, which witnesses keen participation of young and the old alike. Yet another reason why Mobitel customers appreciate this rewards carnival is because it also offers a special medical clinic by Mobitel together with the participation of specialist medical practitioners, where senior citizens can access free of charge specialist medical checkups for blood pressure, blood sugar, eye care and vision related issues.


Mobitel also organizes an initiative for the benefit of the senior citizens of ‘Mobitel Upahara’ scheme. The special eye clinic with the participation of renowned eye surgeons and optometrists saw the distribution of 1000 reading glasses amongst the senior citizens. Furthermore, another useful and popular addition was the National Identity Card registration kiosk that was established at the premises for the ease of people seeking to obtain and renew their national identity cards.


Mobitel Cash Bonanza 2019 offers customers the exclusive opportunity to win the latest Mercedes Benz cars, along with an opportunity to win millions in cash prizes. All prepaid, post-paid and broadband connection recharge or bill payment of 50 Rupees automatically gets qualified for the Mobitel Cash Bonanza draw. The customers with pre-paid connections would be entitled for an equal talk time reflective of the amount won and post-paid connections are entitled to receive a discount from the consecutive bill reflective of the amount won. The winners would be contacted by post and through the Mobitel customer care hotline 071 27 55 777 with no extra charges levied for any of the prizes won. 


Thursday, 20th June 2019

Mobitel acquires majority stake in M3Force to spearhead Integrated and Intelligent Security solutions

Exchanging of the strategic partnership agreement between (middle) Sri Lanka Telecom and Mobitel Chairman Mr. P. G. Kumarasinghe Sirisena and Chairman - WatchGuard Security and Investigations Pvt Ltd/M3force Pvt Ltd Major Vijith Welikala. Also present were (from left) Mobitel Chief Executive Officer Mr. Nalin Perera and Director - WatchGuard Security and Investigations Pvt Ltd/M3force Pvt ltd Ms. Jithmi Welikala.
Expanding its portfolio of business solutions dynamically to support companies in Sri Lanka grow and expand intelligently, Mobitel announced its acquisition of M3Force (Pvt) Ltd, by taking a majority stake in the security solutions company. This strategic acquisition enables superior state-of-the-art integrated intelligent security solutions to be deployed for businesses in the country. In recent months, Mobitel’s business solutions have expanded to incorporate a variety of services aimed at empowering customers with the latest technology and tools to enhance profitability while simultaneously assisting them to adopt technology platforms. This newest investment will empower Mobitel to spearhead Integrated, Intelligent Security solutions in the country through M3Force’s expertise in handling security solutions, with Mobitel infusing its technology experience. This acquisition is aligned with Mobitel’s objective to change the conventional way of handling security by bringing the latest technologies such as Deep Learning, Machine learning and Artificial Intelligence into play. M3Force was selected as the appropriate partner as it mirrors the goals of its new parent, Mobitel. The first initiative in this new alliance would be to establish centralized Monitoring and Response as a Service which will be the heart of the entire integrated, intelligent security solution portfolio. NDB Investment Bank and Nithya Partners acted as the advisors to the transaction between the parties. 
Customers can avail of a variety of intelligent security solutions as a result of this new venture, such as to Supply, Install and maintain CCTV; Surveillance equipment; intruder detection; Tracking; Video analytic services based on Deep Learning, Machine Learning and AI; Access Control systems (People/Vehicles); Security scanning equipment - Metal detectors, XRay, Millimeter wave etc; Secure communication devices – PTT, Panic Button etc;  Emergency response – Commando on Call; Close Protection Officers; Defensive Drivers; K9 (canine) with Handler; Cease Fire – Fire extinguishers, engines, prevention/ management systems; and Event Security Management. All services will be provided as an integrated solution with advanced intelligence built in through technology.
Pre-empting the demand for technology-backed surveillance systems, Mobitel, as Sri Lanka’s National Mobile Service Provider, has taken on the mantle of bringing the best security solutions through its acquisition of M3Force. Mobitel is contributing towards the nation’s development by developing the ICT landscape through its service offerings and technology by bridging the digital divide. Built around the concept of customer centricity and the ‘Care’ promise, Mobitel keeps adding value to its packages in response to customer needs. 
M3Force, being a part of WatchGuard Security and Investigation (Pvt) Ltd. provides one-stop comprehensive security solutions, comprising the best ever emergency responding team exclusively consisted of well-trained ex-servicemen, technically supported by security audit and design, installation and commissioning of integrated security systems and maintenance of security technical systems. 
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018