HNB joins Lanka Remit in support of CSBL Remittance Drive

Tuesday, 15 February 2022 02:47 - - {{hitsCtrl.values.hits}}

HNB Retail and SME Banking Deputy General Manager Sanjay Wijemanne (second from right) receiving a token of appreciation from Youth and Sports, Development, Coordination and Monitoring Minister and State Minister of Digital Technology and Enterprise Development Namal Rajapaksa (extreme left) in the presence of CBSL Governor Ajith Nivard Cabraal (second from left) and CBSL Assistant Governor Dharmasiri Kumaratunge (extreme right)

HNB PLC signed on as a partner to the ‘Lanka Remit’ mobile app, initiated by the Central Bank of Sri Lanka (CBSL) to encourage the use of formal channels for inward remittances.

The National Remittance Mobile Application provides Sri Lankans working overseas direct access to formal remittance channels that provide secure, convenient, and cost-effective methods to send money back home.

The app supported by the Ministry of Finance, Ministry of Foreign Affairs and the Sri Lanka Bureau of Foreign Employment was launched by Minister of Youth and Sports, Development Coordination and Monitoring, and State Minister of Digital Technology and Enterprise Development Namal Rajapaksa.

“We express our gratitude to every Sri Lankan working overseas who opts to send their hard earned funds through formal banking channels to their loved ones at home. The CBSL and the Government have recognised the immense contribution of these individuals and have taken steps to recognise them through benefits such as higher exchange rates and other value added services through the recently launched app ‘Lanka Remit’” HNB Retail and SME Banking Deputy General Manager Sanjay Wijemanne said.

“As a private sector bank which has an extensive 40 year history in the remittance industry we are ideally positioned to take the lead in streamlining remittances to Sri Lanka and ensuring the interests of migrant workers while offering the most convenient facilities anchored to exciting benefits. We are excited to be a part of the new app and hope this will further strengthen our commitment to strengthen formal channels of remittances,” he added.

Most recently, HNB launched the Remittance Draw scheme to bestow 10 lucky winners Rs. 100,000 each at a weekly draw, which will be continued throughout 2022.

The bank’s Remittance services further offers customers convenience and security to transfer funds through the bank’s worldwide network of partners in every populated continent.

HNB’s global network consists of more than 130 tie-ups with many renowned exchange houses and banks across the globe.

Apart from Sri Lankan rupees, remitters can deposit funds in 13 designated foreign currencies.

Complementing its global network, the bank has deployed representative officers in strategic locations to support Sri Lankan expatriates in fulfilling their financial needs.

HNB provides several disbursement options for recipients to conveniently access foreign remittances. HNB also credits remittances to any other local bank account immediately.