Mozido, a global provider of trusted digital commerce and payment solutions, today announced it is powering international remittances for mobile wallet users in Sri Lanka.
Mozido has partnered with MoneyGram, one of the world's leading global money transfer companies, in this groundbreaking service. Mobile customers of Dialog, Etisalat and Hutch in Sri Lanka registered with eZ Cash, the world's first inter-operable mobile money service, can now receive international remittances through their eZ Cash mobile wallet. This provides unprecedented convenience to the 14 million potential subscribers of eZ Cash.
Michael Liberty, Mozido's Founder and Chairman of Global Strategic Relationships, said: "We are delighted to partner with MoneyGram and Dialog to provide this innovative solution within Sri Lanka. Utilizing Mozido's MoTEAF mobile payment technology and MoneyGram's money transfer services provides eZ Cash users with outstanding flexibility and convenience. We look forward to connecting our global strategic partners with providers in Sri Lanka and South East Asia to achieve our common goals."
Mozido's Managing Director in Sri Lanka, Rienzie Martinesz said: "Mozido's mission is to bring inclusive financial services to people around the world who don't have access to traditional banking services. Our combined technology has created new possibilities for the millions of users of eZ Cash. Partnering with MoneyGram to build this solution for eZ Cash was an important step towards achieving this goal."
"As convenience of our customers is our utmost priority, we give them a choice of how they want to receive money from all over the world," – said MoneyGram Senior Regional Director, South Asia & GCC Countries, Kaushik Roy. "Thanks to the partnership with Mozido, and Dialog, our customers in Sri Lanka can now receive not only cash, but they can also get money directly into their smartphones. Our digital self-service channels are growing at more than 60% year-on-year, bringing our customers closer to their friends and family," said Roy.
"Through working with Mozido and MoneyGram, we now have the opportunity to provide a more convenient way for our customers to receive international remittances than ever before," said Dialog Axiata PLC Vice President Mobile Payments Fariq Cader. "This breakthrough offering positions our company to grow popularity in the mobile money payments and usage throughout Sri Lanka."
Contributed | what does this mean?