Amãna Bank ties up with WOW.lk

Friday, 10 July 2015 00:00 - - {{hitsCtrl.values.hits}}

Amãna Bank, Sri Lanka’s premier bank to operate in full conformity to the non-interest based Islamic banking concept, has tied up with Digital Commerce Lanka Ltd. (DCL), a Dialog Axiata group company and the operator of leading online site www.wow.lk to offer the Bank’s Easy Payment Plan scheme. BUP_DFT_DFT-10-13

Through this partnership customers will have the option to purchase variety of goods and pay on an instalment basis sans a credit card with a payback period ranging from six months to 36 months. The Easy Payment plan option is available to purchase a basket of products valued from a minimum of Rs. 25,000 to a maximum of Rs. 300,000.

Speaking on this partnership the Bank’s Chief Executive Officer Mohamed Azmeer said: “We are very happy to tie up with wow.lk to offer our Easy Payment Plan. We have witnessed a growing trend in online retailing and believe our product offering will go well with this trend.”

Also commenting on the tie up DCL’s Chief Executive Officer Sheyantha Abeykoon said: “This product is a first for the online industry, where to date most instalments schemes are largely available to holders of credit cards. Being continually committed to innovation in e-commerce and constantly striving to enhance our customers’ experiences on the site, we are very pleased to partner with Amãna Bank in opening up a new frontier of growth for the online industry.”

Amãna Bank’s Easy Payment Plan which was introduced in 2013 facilitates salaried customers to purchase electronics, furniture, household and personal appliances in a convenient ‘pay as you use’ mechanism and in a short period of time has received an overwhelming response and acceptance in the market.