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To be run during September and October, the promotion will also present caps for the first 500 recipients of MoneyGram remittances during this period while all recipients would be entered into the final draw for the air tickets, the Bank said.
"We have launched this promotion to increase awareness about our MoneyGram service and extraordinary convenience and speed it offers when remittances are channeled through our Bank," said Mr. Pradeep Banduwansa, Senior Manager of e-Banking Division of Commercial Bank.
The Commercial Bank signed up with MoneyGram, the global funds transfer company last year to further enhance the Bank’s market share in the remittance business and to expand its presence to the other parts of the world, especially the West.
The Bank offers remitters the ability to transfer funds quickly from over 152,000 locations in 180 countries and for payments in Sri Lanka to be collected at 167 branches of Commercial Bank. The benefit of collecting payment through Commercial Bank would be that these funds can be collected on any day of the year through the over 40 Holiday Banking and Saturday Banking Centres of the Bank including the 22 Supermarket Counters covering most major towns which are open till 7.30 pm everyday on a 365-day basis.
Customers who use MoneyGram from Commercial Bank are also guaranteed that the full amount of the remittance will be paid, with no charges to the beneficiary.
MoneyGram International, Inc. is a leading global payment services company with approximately 152,000 global money transfer locations in 180 countries and territories. Their major products & services include global money transfers, money orders and payment processing solutions for financial institutions & retail customers.
Established in 1969, Commercial Bank is Sri Lanka’s leading bank, with dominant positions in consumer banking, treasury and securities markets. The Bank’s network covers 167 computer-linked branches & supermarket banking counters and 321 ATMs in Sri Lanka while its operations in Bangladesh have grown to nine branches. The Bank has been adjudged Sri Lanka’s ‘Bank of the Year’ six times by ‘The Banker’, a top notch global banking magazine and also been rated the ‘Best Bank in Sri Lanka’ for ten consecutive years by US based ‘Global Finance’ Magazine. In July 2007 the Bank was named the ‘Best Bank’ in Sri Lanka by another prestigious international financial magazine ‘Euromoney’.
