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DFCC launches Vardhana MBanker

Mobile banking for rural areas:

DFCC Vardhana Bank (DVB) launched Vardhana MBanker, a mobile banking service to improve its customer base.


DFCC Bank CEO Lakshman Silva congratulating the first customer at the launch. Picture by Sudath Nishantha

DFCC Chief Executive Officer Lakshman Silva said the new product will make banking activities even easier at the doorstep of the customers.

With the use of mobile terminals, DVB banking executives will visit customers to carry out basic banking activities to provide banking inclusions to consumer.

People especially in rural areas who had been deprived of modern banking facilities will benefit through this system.

Silva said the Vardhana MBanker mobile banking service will encourage the rural business community who are not familiar with banking system to do business with the bank. There are 74 DFCC branches and service points for customer convenience.

The bank has 30 extension offices and 40 more service points will be added this year expanding the network.

Customers do not have to go to the bank. Instead bank officials will go to their houses with mobile terminals and issue receipts immediately for the transactions done.

They can deposit any amount of money without any problem and the bank has facilitated its staff with mobile vans to complete cash transport.

"We want to make a revolutionary change in the banking industry by introducing innovative products and services," he said.

A subsidiary of the DFCC Bank, Synapsys Ltd has deployed conventional technology to extend the banks reach even further.

The Vardhana MBanker mobile banking solution involves the use of handheld mobile computer units which can be used at any remote location via the use of standard communications technology such as GPR and 3G.

The DFCC Bank Dambulla Branch officials visited customers in the area launching this product yesterday.

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