Cargills Bank links with TransferTo in Sri Lanka
Cargills Bank has partnered with TransferTo, a cross-border mobile payments network for emerging markets, to enhance and strengthen its remittance services offered by the bank, according to a press release.
The partnership provides customers worldwide the convenience of sending money in real-time, from over 60 countries across TransferTo's global network, to beneficiaries in Sri Lanka.
Beneficiaries can now collect cash remittances from 17 Cargills Bank Branches and at over 330 Cargills Food City outlets island wide. In addition, customers will receive a 5 percent discount on their purchase when they collect cash remittances at any Cargills Food City outlet.
"As a bank which understands the DNA of its customers, we are pleased to strengthen our remittance services by partnering with one of the world's leading money transfer networks: TransferTo," Buddhika Perera, head of retail banking at Cargills Bank, said in the release. "The integration of mobile financial services with commercial banks to provide delivery of remittance will boost the formal remittance inflow to the country, particularly in the rural and remote areas and the beneficiaries would be able to collect them from any of our 330 Cargills Food City network."