Sri Lanka Telecom recently signed a partnership with LOLC Finance PLC to enable SLT bill payments through the mobile app, iPay. This venture will make the process of bill payments more convenient to all SLT customers.
The MoU was signed by SLT CEO Kiththi Perera and LOLC Finance PLC Director/CEO Conrad Dias.
iPay, a trilingual mobile app caters to the demands of digitalisation and mobility in the modern day. It further reduces inconveniences resulting in cash and card transactions, and allows users to make financial transactions any time, from any location. A majority of the leading local banks are partnered with iPay, adding to the ease of the process.
As such, SLT customers can pay their bills to their Sri Lanka Telecom account at the click of a button and enjoy the uninterrupted service. The system provides bill notifications where customers can view the due amount and due date, and receive smart payment reminders from the app. The real time transaction ensures that default and late payments are reduced, giving SLT an opportunity to curtail temporary disconnections and provide enhanced services to its clientele.
Speaking about the partnership, Dias said: “We are pleased to tie up with SLT, the National telecommunication service provider that has set benchmarks in the industry. This tie up aims to encourage SLT customers to convert to digital payments through iPay whilst providing them an option that is safe, seamless, quick, and convenient. iPay powered by LOLC simplifies the processes of payments and collection involved in day to day economic activities and SLT customers can perform their financial tasks from the convenience offered at their fingertips, meeting the modern day demands of mobility and digitalisation as a lifestyle digital partner.”
“With this latest partnership, SLT is able to make the bill payment facility cash-less and hassle-free for our customers. As the national telecommunication service provider, SLT is tasked with inculcating behaviour that suits the digital age we live in, in our society. Cash-less transactions moved to card payments, and further evolved to app payments such as this. We at SLT consider it our responsibility to lead initiatives that open wider horizons to the public of Sri Lanka,” commented Perera.
“We are delighted to partner with the LOLC Group, one of the largest financial conglomerates in Sri Lanka, for such a venture, as we can ensure secure and trustworthy transactions to our customers,” he added.
SLT customers will be joining the over 20,000 iPay customer base who enjoy the facilities and convenience of app-payments through iPay.