People’s Bank launches digital cheque deposit machine to mark 60th anniversary

Opening of the cheque deposit machine at the headquarters branch 

People’s Bank launched its first digital cheque deposit machine at its headquarters branch with the commemoration of the bank’s 60th anniversary. This is another milestone in its six-decade legacy of using innovation to enhance customers’ banking experience.

People’s Bank Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, Senior Deputy General Manager – Payment and Digital K.B. Rajapakse, Deputy General Manager (Retail Banking, Process Management and Quality Assurance) Renuka Jayasinghe, Chief Manager – Process Management and Centralised Back Office L.U.L. Alwis, Senior Manager (IT and Centralised Back Office) Upul de Silva, Assistant Manager (Project Coordinator) Lakmini Ilangasinghe and customers were present at the launch of the digital cheque deposit machine.

The machine is designed to offer a seamless experience for customers to deposit cheques with minimum hassle. The process requires minimal information which the machine will validate instantly by capturing an image of the cheque and displaying it on the screen. The customer then simply confirms the information on screen and the machine prints a receipt acknowledging the transaction. 

Through this machine, customers can also deposit multiple cheques at the same time, quickly and securely. The machines will be accessible to all customers 24 hours a day, seven days a week, and 365-days a year at branches and at SBUs all over the island.

People’s Bank already has 250 Self Banking Units around the island consisting ATMs and CDMs. The units are easy to access and allow customers to conduct transactions with ease and simplicity. The launch of the Digital Cheque Deposit Machine is another milestone for People’s Bank in its continuous quest to enhance customer experience.

The bank has been at the forefront of Sri Lanka’s digital banking sphere which has been intensely competitive in recent years. People’s Bank has already set the standard for digital banking with innovations like the People’s Wave, People’s Wiz and People’s Wyn App which has over Rs. 1.1 million customers. 

In its 60 years of operation, People’s Bank has continuously looked for ways to improve the efficiency of its service offerings and the addition of this new digital cheque deposit machine is another testament to its commitment towards this endeavour.