MMBL ties-up with Bimputh Finance to strengthen the Western Union money transfer network in interior
Thursday, 27 June 2013 01:51
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Bimputh Finance PLC joins with MMBL Money Transfer to offer Western Union money transfer services through their network of 15 branches located in Colombo, Negombo, Panadura, Jaffna, Puttalam, Batticaloa, Sevanagala, Dehiyathakandiya, Siyamb-alanduwa, Monaragala, Padiyathalawa, Uhana, Pottuvil, Mahaoya, and Ampara.
MMBL Money Transfer Ltd., a joint venture between Aitken Spence PLC and Mercantile Merchant Bank Ltd., is one of Sri Lanka’s leading international money transfer providers offering Sri Lankans access to Western Union money transfer services and connecting to a global network of more than 489,000 Western Union agent locations in over 200 countries and territories.
Serving Sri Lankans who receive essential money from family and loved ones working and living overseas since 1993, MMBL Money Transfer offers Western Union money transfer services through its network of over 2,500 locations island-wide operated by banks, co-op rural banks, financial institutions and retail outlets such as jewellery and pawning centres.
“MMBL Money Transfer’s strategy is to facilitate ‘right next door’ access to bring convenience to customers through our network of over 2,500 locations island-wide. Our tie up with Bimputh Finance reinforces our commitment to continually strengthen our presence across Sri Lanka,” said Aitken Spence Group Ltd. Director and MMBL Money Transfer Ltd. Managing Director Dinesh Mendis.
Bimputh Finance PLC, a registered financial institution since 2008, is a member of the Daya Group of Companies, a diversified conglomerate.
The company has seen immense growth in the past few years and now offers the full range of financial products including innovative savings products, leasing, hire purchase facilities, pawning with special focus on assisting small-scale entrepreneurs and farmers.
Today, Bimputh Finance PLC has over 50,000 customers and with its advent into micro-finance aims to service over 100,000 customers at the end of this year with a commitment towards facilitating sustainable development in the Northern and Eastern provinces of Sri Lanka.
“Our tie up with the MMBL Money Transfer Network to offer Western Union Money Transfer services through our branch network which is mainly in the Eastern and Northern provinces re-affirms our dedication towards developing the rural economy by offering the full range of financial products necessary for the upliftment of the country,” said Bimputh Finance PLC CEO Kingsley Bernard.
