Cross border payments company Payoneer and Sri Lankan ewallet company eZ Cash have teamed up to make it easier for commerce payments to made to and from Sri Lanka, it has been announced.
eZ Cash is the number one online payments service and enjoys a 50% share of the country’s mobile market. Through the integration, Sri Lankan entrepreneurs, merchants and freelancers will be able to withdraw cross-border payments they receive using Payoneer straight to their eZ Cash mobile accounts
eZ Cash is a brand from the Dialog Axiata stable. Fariq Cader is the Vice President, Digital Services at Dialog Axiata PLC and said: “Sri Lanka is witnessing a steady rise in the number of entrepreneurs and freelancers who are serving the increasingly digitized, global market. This has opened additional streams of revenue for them. However, they face several challenges in receiving payments from abroad including high transaction costs, delayed processing and lengthy hold times.
We are delighted to partner with Payoneer to offer our talented freelancers and entrepreneurs a better way to accept payments from their clients abroad with greater ease. We look forward to seeing them avail the convenience and security afforded by our platforms and grow their businesses globally.”
Eyal Moldovan of Payoneer said, “We are delighted to partner with eZ Cash to further localize our cross border payment solutions for the Sri Lankan market and are committed to partnering with additional mobile payment networks and eWallets throughout the world. Alliances such as this further cement our position as the go-to-solution for freelancers and small businesses, empowering professionals and business owners worldwide to get paid globally as easily as they do locally.”
Anything that greases the wheels of international trade and cross-border payments is obviously a good thing. Have you ever done business on marketplaces or elsewhere with Sir Lanka?