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The Commercial Bank of Ceylon has become the first bank in Sri Lanka to enable online payments to the Sri Lanka Standards Institution (SLSI) by linking the institution to “ComBank Digital”, allowing customers to pay their fees to the SLSI from anywhere and anytime.
The Bank has enabled real-time online payments to SLSI for its retail and professional customers who can access for this purpose at www.combankdigital.com and its iOS, Android or Huawei mobile applications.
The platform is secured with industry-grade security standards to provide a fast and safe digital banking experience for customers. As it is a paperless process that does not require customers to visit a bank branch or the SLSI office, it further contributes to the Bank’s “green” initiatives and also allows customers to be more environmentally friendly, the Bank said.
To use this online payment option, customers only need to go to the ‘Invoicers’ section of the platform, select the desired invoice provider and make the payment. Upon successful payment, the customer can download an e-receipt as payment confirmation.
Commenting on this collaboration with SLSI, Commercial Bank Group Marketing Director, Mr. Hasrath Munasinghe said, “SLSI is the latest government institution to be connected to ComBank Digital. The Bank has explored all the possibilities offered by technology and constantly improved its digital banking capabilities to facilitate convenience and encourage its customers to manage their day-to-day banking activities in a timely and hassle-free manner from their personal devices.
ComBank Digital already enables payments to government authorities such as Import and Export Control Department (IECD), Inland Revenue Department (IRD), Sri Lanka Ports Authority (SLPA) for freight payments, vessel and entry permit, Sri Lanka Customs, Employees Provident Fund (EPF), Employees Trust Fund (ETF) and Board of Investment of Sri Lanka (BOI). These payments are routed through the LankaPay online payment platform (LPPOP).
One of the top five financial apps used in Sri Lanka, “ComBank Digital” was launched in 2020, has since undergone enhancements and is now also available to the Bank’s business customers. Positioned as the Bank’s unique omnichannel digital banking platform, it is powered by Fiserv, the US-based global financial services technology provider.
The first 100% carbon neutral bank in Sri Lanka, the first Sri Lankan bank to be listed among the world’s top 1000 banks and the only Sri Lankan bank to be listed for 11 consecutive years, Commercial Bank operates a network of 268 branches and 938 machines. machines in Sri Lanka. Commercial Bank is Sri Lanka’s largest SME sector lender and is a leader in digital innovation in the country’s banking industry. The Bank’s overseas operations include Bangladesh, where the Bank operates 19 outlets; Myanmar, where he owns a microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I bank with majority ownership.