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News

HNB Records Growth in Digital Remittances During COVID Lockdown

Sri Lanka’s HNB has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.

News

Symbiotics Launches First $7.75 Million Green Bond With Pan Asia Banking Corporation

The bond is the first Green Bond issued via Symbiotics’ sponsored bond issuance platform under its Sustainability, Social and Green Bond Framework which was certified in December 2019 by DNV GL.

News

IFC’s $50 Million In Support to Commercial Bank of Ceylon to Boost Finance for Small Businesses in Sri Lanka Amid COVID-19

The funding will be used to expand lending to small and medium-sized enterprises, with over a third dedicated to businesses owned by women.

News

Sri Lanka’s Economy Hit by Coronavirus: Decline in Earnings From Tourism, Remittances

The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.

News

Sri Lanka: Genie, BOC Partner to Increase Digital Payments via Mobile Wallet Solution

Sri Lanka-based fintech Genie has partnered with Bank of Ceylon to act as the financial acquirer and digitize payments through its mobile wallet solution.