Sri Lanka Telecom and globally renowned Master card partner to promote electronic payments in the island
Sri Lanka Telecom (SLT), the national ICT solutions provider in Sri Lanka, has recently announced a partnership with global electronic payments facilitator, Master card, to steer the adoption of electronic payments in Sri Lanka.
A report in the local newspapers stated that under this partnership, Master card cardholders will receive a cash back reward of Rs.100 on each SLT bill payment of more than Rs.1,000 made using a Master card credit or debit card issued in Sri Lanka, for up to three bill payments within a month.
Accordingly, payments can be made at all SLT Teleshop and authorised collection centres around the island and online, on www.slt.lk. The cash back reward sum will be credited to the respective SLT account in the following month. This is applicable to all SLT bill payments made from December 15, 2018 until April 30, 2019.
“Mastercard is excited to partner with SLT, as part of our ongoing efforts to drive the adoption of electronic payments in Sri Lanka. Given SLT’s wide customer base across both urban and rural areas, this partnership will allow us to raise awareness on the benefits of electronic payments in all corners of the island. With cash back rewards on offer, we look forward to seeing more individuals and businesses use their Master card credit and debit cards for SLT bill payments,” R. B. Santosh Kumar, Country Manager – Sri Lanka and Maldives, Master card has said.
P. G. Kumarasinghe Sirisena, Chairman of SLT, has been quoted as saying, “At SLT, we have always sought to leverage technology to enhance our service quality and deliver greater value and convenience to the nation. Being cognizant of the transformative power of digital payments and the value it brings to the entire system, we are delighted to partner with Master card on promoting the adoption of electronic payment instruments. We invite our customers to avail the rewards on offer by making more of their SLT bill payments with their Master card credit and debit cards. Going beyond the rewards, we believe that such efforts play a small yet significant role in transforming the country’s cash heavy payments landscape.”
OSL take:
The partnership between Sri Lanka Telecom and Master card to promote electronic payments in the country is an indication of the opportunities in promoting digital payment platforms in Sri Lanka. The government of Sri Lanka is in the process of promoting e-economy in Sri Lanka and the promotion and setting up of digital payment platforms is part of the programme. Therefore, foreign companies engaged in providing digital payment platforms to customers could explore business opportunities in Sri Lanka.
| Article Code : | VBS/AT/02012019/Z_4 |