The news has been going around for a while and as shocking as it may seem to some of you, yesterday evening at a press conference it was officially confirmed: Etisalat has teamed up with Dialog to bring eZ Cash to its subscribers. It’s a partnership that’s been tentatively in the works since last year – but it’s only now that it’s officially real.
eZ Cash as most you know, is a mobile payment system that was launched almost 2 years back and until yesterday, was exclusively run by Dialog with only one competitor: Mobitel’s mCash (which was being advertised a lot yesterday as Mobitel subscribers may have noticed). If you want to know how eZcash works, feel free to check out the guide we made last year here.
Speaking at the press conference, Fariq Cader, Senior GM of Mobile Money from Dialog, mentioned that 2013 saw a huge growth for eZcash. Apparently 1.3 million customers had carried out over Rs. 6 BILLION worth of transactions over the year and on average Rs. 700 million were being conducted each month. About 40% of these transactions were for utility bills such as electricity and water as well as Dialog bills, but there is a rise in insurance payments as well as payments to various institutes.
Basically, Etisalat’s figured out that if you can’t beat em, you might as well join em. The R&D and implementation costs for such a system is pretty high after all. With this partnership today, the number of eZ Cash customers can expand to almost 12.7 million customers.
However, would there be a difference between how Dialog customers and how Etisalat customers conduct these transactions? Thankfully, not at all. Fariq insisted that Etisalat and Dialog customers would see absolutely no difference when using the system.
Mr. Wail Salman, acting CEO of Etisalat Sri Lanka, commented on the partnership, saying that this was significant milestone in the mobile industry of Sri Lanka. Dr. Hans Wijesuriya, Group CEO of Dialog, stated that he believes this partnership would be beneficial to the ecosystem – from small shops to large institutions and that Dialog was honoured to partner with Etisalat in delivering this system to over 60% of Sri Lanka’s population. He thanked the Central Bank of Sri Lanka for setting the proper regulations as well as Hatton National Bank for being the provider of custodial banking services for eZcash. The first ever eZ Cash transaction between Dialog and Etisalat took place with a transfer of Rs. 72 between the CEOs.
Additionally, the Governor of the Central Bank of Sri Lanka, Mr. Ajith Nivard Cabraal (who wasn’t at the press conference itself) commented remotely, saying that he was pleased to note that the mobile money eco-system of Sri Lanka has achieved end-to-end inter-operability and that the Central Bank will continue to drive towards transformational outcomes like this.
Mobile payment systems are of course nothing new; however with this partnership, eZ Cash has become a very exceptional mobile payment system, since it is the FIRST one in the world that works on two telecom operators. Yes, it’s an achievement worthy of global recognition. Hopefully the other operators will see the light and pool in to make a nationally viable digital wallet system. We all know Mobitel has their own mCash: wouldn’t it be great if they could be convinced to shelve their system and join the madding crowd?
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.
thank you for subscribing 🙂
awww something went wrong 🙁
We respect your privacy and take protecting it seriously
Seedstars, a global organization based in Switzerland promotes, connects and invests up to $1 million USD in emerging market startups through their exclusive startup competition held in over 60 countries.
Seedstars, a global organization based in Switzerland promotes, connects and invests up to $1 million USD in emerging market startups through their exclusive startup competition held in over 60 countries. Last year, we saw Seedstars come to Sri Lanka for the first time. LayUp was selected as the winner of the first Seedstars Colombo, which was held last year. LayUp then went onto represent Sri Lanka as a finalist at Seedstars Global. Eight startups will be competing at SeedStars Colombo 2017.
The winning startup will receive an all-expenses paid trip to both the Seedstars Asia Regional Summit in Bangkok. They’ll also win a trip to Switzerland to compete at the Seedstars Global Summit for equity investments of up to USD 1 million, and to meet with international mentors and investors.
(Thursday) 5:00 pm - 8:30 pm
MAS Innovation Center
#50 Foster Lane, Colombo
Mobile Application Security Beyond Compliance Speaker Christopher Stewart is an IT Infrastructure and Security Practitioner with over 11 years of experience including cyber defense and Governance & Audit areas. Here's your chance to
Mobile Application Security
Christopher Stewart is an IT Infrastructure and Security Practitioner with over 11 years of experience including cyber defense and Governance & Audit areas. Here’s your chance to catch Christopher’s session on Mobile Application Security: Beyond Compliance.
Sign up via Email [email protected] | Call us on 011 4713290
*Priced at Rs. 500 (free for CSSl members)
(Monday) 5:45 pm - 7:45 pm
Prof Stanley Wijesundera Mawatha, Colombo 00700
Startup weekend-Trincomalee Beach Calling entrepreneurs, Growth Hackers, Dreamers, Rain Makers and Startup Catalysts to change the world in 54 hours! Bring your creativity and skills and Join Startup Weekend Trincomalee
Startup weekend-Trincomalee Beach
Calling entrepreneurs, Growth Hackers, Dreamers, Rain Makers and Startup Catalysts to change the world in 54 hours! Bring your creativity and skills and Join Startup Weekend Trincomalee ,Friday 27th to Sunday 29st Octon,2017 at Trinco beach hotel, Trinco
What’s Startup Weekend, Anyway?
Startup Weekend is a global phenomenon – 54 hours of fast and furious prototype development through to exploring potential markets and pitching. It’s an unparalleled opportunity to build lasting relationships with co-founders; mentors, and investors.The real value comes from taking an idea from concept through to execution using Lean tactics and working under high pressure with the best startups.
Google for Entrepreneurs is the global partner for Techstars Startup Weekend Program, including Startup Weekend, Startup Next and Startup Digest. Google is a sponsor of Techstars Accelerator Programs. Techstars collaborates with the Google for Entrepreneurs campuses across the globe to support engagement with entrepreneurs everywhere.
What You Can Do?
In short, Startup Weekend shapes the lives of many people as a starting point as entrepreneurs and startup enthusiasts. Ultimately, it’s an amazing spring board to get started on something (a new business, career at a startup or great relationships).
Come pitch, join a team, iron out your business model, and build away! In just 54 hours teams will come together to create startups from scratch and learn about entrepreneurship in a hands-on and meaningful way. Developers, designers, business experts, and makers will come to build prototypes and launch startups that use hardware or software to interconnect us all and change the world.
WHO GOES TO STARTUP WEEKENDS?
Experienced business people or budding entrepreneurs, Creative designers, Coders, growth hackers who are looking for new ideas and wanting to challenge their skills – Startup Weekends are a fun and exciting way to to upskill and test yourself in the world of startups
WHAT DO YOU DO AT A STARTUP WEEKEND?
Starting from 6.30 PM on Friday registration will be done, Welcome speech, Dinner, Startup pitches ideas chosen and lasting teams formed. By late Friday night you’ll be on your way with goals set and roles assigned.
Saturday is all about validation – contacting potential customers and checking out if there is really a market for your idea – and reacting fast if you need to change. Meanwhile if you’re a developer or a designer you’ll be furiously building the product.
Sunday is about making it work and preparing for the final pitch to a panel of carefully chosen judges. Throughout the process mentors from all backgrounds will be on hand. (link to timetable)
WHAT HAPPENS AFTER
Celebrate! We’ll put in place a follow up event, and there will be other opportunities, including our Co-Starters program.
What is the benefit of attending Startup Weekend ?
Startup Weekends are all about learning through the act of creating. Don’t just listen to theory, build your own strategy and test it as you go. It’s like an MBA in a weekend.
2) Build your network:
This isn’t just a happy-hour. Startup Weekend attracts your community’s best makers and do-ers. By spending a weekend working to build scalable companies that solve real-world problems, you will build long-lasting relationships and possibly walk away with a job or a even an investor.
3) Co-Founder Dating:
We all know it’s not just about the idea – it’s about the team. Startup Weekend is hands down the best way to to find someone you can actually launch a startup with.
4) Learn a new skill:
Step outside of your comfort zone. With a whole weekend dedicated to letting your creative juices flow, Startup Weekends are prefect opportunities to work on a new platform, learn a new programming language, or just try something different.
5) Actually launch a business:
Over 36% of Startup Weekend startups are still going strong after 3 months. Roughly 80% of participants plan on continuing working with their team or startup after the weekend.
6) Get face time with thought leaders:
Local tech and startup leaders participate in Startup Weekends as mentors and judges. Get some one-on-one time with the movers and shakers in your community.
7) Save money & get stuff:
Startup Weekends cost $40 (less for students). Your ticket covers seven meals, snack, access to exclusive resources our global sponsors, and all the coffee you can drink.
8) Join a global community:
Join over 30,000 Startup Weekend alumni, all on a mission to change the world.
Facilities for the Attendees?
Mentors : Whether it’s growth, design, or prototype,you’ll find a mentor who can help
Free WIFI: You will Get Free WIFI Access from our Telecom Partner
Meals : Morning Refreshment Plus Lunch and Dinner
Community Perks and Discounts : Take advantage of perks and discounts offered to all Startup Weekend participants from the Global sponsors.
Much More: Whatever you are building, our sponsors and community have put together some fantastic resources to help you build your idea.
october 27 (Friday) - 29 (Sunday)
Trinco Beach Hotel
326,Dyke Street, Trincomalee