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DFCC Lender and Citizens Improvement Small business Finance PLC enter into strategic partnership
Tue, Jan 31, 2023, 08:24 pm SL Time, ColomboPage News Desk, Sri Lanka.


Jan 31, Colombo: DFCC Lender PLC, one of Sri Lanka’s most trusted banks and a chief in inward remittances, has partnered with Citizens Progress Small business Finance PLC (CDB) 1 of the prime four premier non-banking money establishments (NBFIs) in Sri Lanka, to promote handy access to inward remittances.
CDB is the 10th fiscal institution to become a companion on the Lanka Cash Transfer (LMT) platform a detailed, protected, seamless, and trustworthy remittances platform built, established and operated by DFCC Financial institution PLC.
As a end result, DFCC Bank PLC, a financial institution with in excess of 65 a long time of encounter and CDB, a very well-set up and multi-award-winning money establishment, can now perform together to aid inward remittances to Sri Lanka.

The partnership aims to sort a sturdy bond between these two economic services giants with a view to reaping mutual benefits. It also further expands the selection details of remittances sent from UAE, Qatar, Oman, Israel, Australia, Japan, Hong Kong, and Singapore by way of DFCC Bank’s LMT remittances platform, reaching shoppers who desire to do business enterprise with NBFIs. Introducing CDB to the LMT community is a considerable milestone for DFCC Bank, as it aims to consolidate its placement even further in the international currency inward remittances current market.


Speaking about the significance of the partnership, the CEO of DFCC Lender PLC, Thimal Perera commented, “We are delighted to husband or wife with CDB to grow our remittance expert services and provide much more alternatives for our valued consumers. This partnership results in a get-get problem for DFCC and CDB by increasing accessibility and sharing the platform. We are committed to giving the finest buyer support and compliance with global standards, and this partnership will only enrich our skill to do so.”

Mahesh Nanayakkara, the MD/CEO of Citizens Progress Company Finance PLC (CDB), also expressed his optimistic sentiments towards the partnership, “It is indeed an thrilling time as we be part of forces with DFCC Financial institution to give our consumers with handy, seamless, protected and reputable remittance options. This partnership will profit our prospects and add to the nationwide effort to conquer the present financial worries through greater inward overseas forex inward remittances.”


Customers utilizing the LMT platform are certain of outstanding consumer services standards, with each transfer complying with worldwide specifications, and each individual transaction is instantly credited to the beneficiary shopper account in actual time. This reassures Sri Lankans functioning abroad and supporting their people back again home. It also more incentivizes people today to pick out respectable inward remittances, as speed is no for a longer period an challenge with LMT. On top of that, by remitting legitimately, consumers are more empowered to delight in all the benefits of getting inward international forex remittances, such as tax benefits.


Inward remittances are a major priority at the nationwide degree to tackle Sri Lanka’s current financial challenges. DFCC Bank was the 1st Financial institution in Sri Lanka to start a focused marketing campaign introducing incentives for remittances, major the way for other folks to follow. The Bank is continually operating to bettering the move of reputable inward remittances by reaching out to an significantly varied selection of clients. By coming alongside one another, DFCC Lender and CDB have taken a monumental step toward addressing the demands of Sri Lankans residing and working abroad who make typical remittances to Sri Lanka to support their people.