Commercial Bank adjudged ‘Most Productive Network’ in South Asia by
MoneyGram
The Commercial Bank of Ceylon has been adjudged the Most Productive
Network in South Asia in 2011 for MoneyGram, the global funds transfer
company.
The award was presented at MoneyGram’s Regional Conference in Goa,
India.
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Commercial Bank’s Chief Manager e-Banking Pradeep Banduwansa
(extreme right) accepts the award from Peter Hnatiuk, MoneyGram
International Vice President for Russia / CIS / Emerging Europe
and ISR. MoneyGram Senior Regional Director for South Asia Harsh
Lambah is also in the picture. |
“This accolade is a tribute to the hard work of the Commercial Bank
team, especially those who serve customers from branches and service
points located all over Sri Lanka,” the bank’s Chief Operating Officer
Jegan Durairatnam said. “It is particularly noteworthy because we are
not the largest country in the South Asian region.”
He said a high percentage of Commercial Bank’s 217 branches and
service points in Sri Lanka process MoneyGram remittances, making it one
of the preferred networks for beneficiaries.
MoneyGram beneficiaries are guaranteed the full value of the
remittance with no charges to them when they collect their cash from
Commercial Bank branches. To ensure a speedy pay out, the Bank has set
up dedicated counters at some of its key locations popular for
remittances, Durairatnam said.
The Commercial Bank signed up with MoneyGram in 2007 to further
enhance the bank’s market share in the remittance business and to expand
its presence to other parts of the world, especially North America and
Western Europe.
The benefit of collecting remittances through Commercial Bank is that
funds can be collected even on holidays, at 29 Supermarket Banking
Counters and eleven 365 day banking centres.
The bank offers remitters the ability to transfer funds quickly from
275,000 locations in 194 countries via MoneyGram and for payments in Sri
Lanka to be collected at any of its 217 service points.
Recognised throughout the world as a leading money transfer company,
MoneyGram’s major products and services include global money transfers,
money orders and payment processing solutions for financial institutions
and retail customers.
In 2009 MoneyGram adjudged Commercial Bank as its Best Agent in South
Asia for Corridor Collaboration. |
