Ceylon Business Appliances celebrates 54 years of excellence

Friday, 1 November 2024 00:00 - - {{hitsCtrl.values.hits}}

Director/ CEO Ruwath Fernando, Managing Director Sadha Fernando, and Ceylon Business Appliances team

Ceylon Business Appliances (CBA) is celebrating a remarkable milestone this year, marking 54 years of pioneering excellence and innovation in Sri Lanka’s technology sector. CBA has consistently led technological advancements, shaping the nation’s digital landscape and setting industry benchmarks that continue to influence the business sector.

CBA’s journey of innovation began in the 1970s with the introduction of Barrows Banking Ledger Machines and Brother Typewriters, transforming operations in banks and offices. This laid the foundation for efficient business practices across the country. In the 1980s, CBA introduced plastic ID cards and modern photocopiers from Mita and later Kyocera, driving further business innovation.

By the 1990s, CBA expanded into the telecom and financial sectors with ground-breaking solutions. It introduced Telco Prepaid Scratch Cards, redefining consumer convenience, and launched credit and debit card personalisation solutions that elevated financial services. CBA also spearheaded Sri Lanka’s first cheque clearing systems, streamlining banking transactions. The company continued this momentum by introducing the nation’s first cashless vending machines, reaffirming its commitment to innovation. Today, CBA stands as one of Sri Lanka’s largest fintech solution providers, with a vast network of over 50,000 merchants specialising in payment acquiring solutions. It was the first company in Sri Lanka to introduce Payment-Certified Electronic Cash Registry Solutions, alongside other achievements like the NFC-Based Pay Band, Soft Card Solutions, and advanced Cashless Vending Solutions. CBA serves over 20,000 customers across more than 100 sub-industries, driving digital transformation across the nation.

CBA’s success is further strengthened by its close collaboration with all major banks nationwide, continuously setting trends and driving innovation in the business sector. Through partnerships with over 30 foreign principals, CBA ensures that Sri Lankan customers have access to world-class technology and services. The company’s investments in Sri Lanka’s digital landscape have not only solidified its position as an industry leader but also elevated Sri Lankan innovation on the global stage. With a passion for technology and a vision for a brighter digital future, CBA is determined to lead Sri Lanka into a new era of technological advancement. Its start-up incubator nurtures emerging ventures in Edutech, Healthtech, Fintech, and Worktech, ensuring that the company’s influence will shape the future of multiple industries.