Nations Trust Bank signs MoU with Singer Sri Lanka | Daily News

Nations Trust Bank signs MoU with Singer Sri Lanka

Priyantha Talwatte, Director and Chief Executive Officer of Nations Trust Bank exchange the agreement with Mahesh Wijewardene, Director and Chief Executive Officer of Singer Sri Lanka in the presence of members of Nations Trust Bank and Singer Sri Lanka
Priyantha Talwatte, Director and Chief Executive Officer of Nations Trust Bank exchange the agreement with Mahesh Wijewardene, Director and Chief Executive Officer of Singer Sri Lanka in the presence of members of Nations Trust Bank and Singer Sri Lanka

Nations Trust Bank recently appointed Singer (Sri Lanka) PLC as a sub-agent to disburse foreign inward remittances received through international money transfer companies.

The Memorandum of Understanding (MoU) was signed by Priyantha Talwatte, Director and Chief Executive Officer, Nations Trust Bank and Mahesh Wijewardene Director and Chief Executive Officer of Singer Sri Lanka PLC.

Through this partnership, the Bank is able to increase accessibility and provide convenience to remittance customers by allowing them to collect selected remittance payments from any of the 430 Singer branches located across the country.

The wide Singer store network is also a true value addition for Sri Lankans living and working abroad, who regularly send money to support their family members back home.

The increased number of remittance pay-out locations will further benefit customers who are located outside of the main cities as they will no longer need to travel long distances to collect the money sent from their loved ones overseas. Customers can visit the new Singer payout locations, which are usually open from 9 a.m. to 6 p.m. with selected branches operating under extended hours till 9 p.m.

By expanding the accessibility of foreign inward remittance services in Sri Lanka, Nations Trust Bank is also contributing towards the economy by encouraging more foreign exchange into the country.

Additionally, this partnership with Singer will also bring in more potential customers for Nations Trust Bank’s foreign inward remittance partners worldwide. A few key global partners include Ria, Transfast and regional partners, Small World and PaySend in Europe. The Bank also has country-based money transfer partners such as Thamor (RemitBee) and Buckzy in Canada, Unigiros and Worldcom Finance in Israel, NEC B.S.C in Bahrain, Brastel in Japan, EzCash in the UK and Al Zaman Exchange in Qatar.


Add new comment