PayMaster

Android · iPhone

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Freedom report

Two barsScore 6.5

Free tierA free tier is on its own pricing page
Runs widely2 of 6 device platforms
DocumentedPlans, terms and facts published

PayMaster is ranked #52 of 82 in money transfer apps on Freedom251. It runs on Android, iOS. There is a free plan.

PayMaster plans and pricing

All plans

PayMaster Free apps.apple.com · 9 Oct 2026

Compared on money transfer apps

Free plan: Yes
Recipient methods: bank
Transfer speed: instant
Mobile platforms: both
Upfront fee display: Yes
Transfer tracking: Yes
Scheduled transfers: Yes

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The record

Product: PayMaster describes itself as a one-stop app for payments, financial transactions, and everyday services in Sri Lanka.
Mobile reloads and bills: The app lets users top up mobile phones and pay bills.
International transfers: PayMaster says users can send money to Sri Lanka from anywhere in the world.
Bank transfers: The site describes instant transfers between banks in Sri Lanka.
Payment processing: The older product page says users can pay by card, supported by Mastercard MPGS and Commercial Bank Sri Lanka.
Rewards: The product page describes challenges that award points users can redeem for mobile reloads or utility payments.
Security controls: The site describes PIN-based account access, identity checks when adding a payment instrument, and transaction approval using phone biometrics or an in-app payment password.
Regulatory status: PayMaster says it is authorized by the Central Bank of Sri Lanka to process mobile payments.
Security audits: The site says Deloitte Sri Lanka conducts security audits and that PayMaster complies with CBSL mobile app guidelines.
Privacy: The privacy policy says PayMaster uses physical, technical, and administrative safeguards, including firewalls, encryption, data-center access controls, and information-access controls.
Service area limit: The terms say the payment service is currently available for payments to registered payees within Sri Lanka.
Support: The homepage lists support by email at [email protected] and by phone at +94 117731800.
Purpose: PayMaster describes itself as a one-stop app for payments, financial transactions, and everyday services in Sri Lanka.
Transfers to Sri Lanka: The site says users can send money to Sri Lanka from anywhere in the world.
Price from: Free

Where it ranks on Freedom251

Best Money Transfer Apps in 2026#52 of 82

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Sources

paymasterapp.com· checked 9 Oct 2026
paymasterapp.com/press.html· checked 9 Oct 2026
paymasterapp.com/pp.html· checked 9 Oct 2026
paymasterapp.com/PayMaster-Terms-and-Conditions.pdf· checked 9 Oct 2026
play.google.com/store/apps/details· checked 9 Oct 2026
apps.apple.com/lk/app/paymaster-pay-and-transfer/id144· checked 9 Oct 2026