Seylan connects migrant employees and their loved ones
Inward remittances have steadfastly been the premier foreign exchange earner of Sri Lankan economy. With a large expatriate workforce employed in countries such as Saudi Arabia, Kuwait, UAE, Lebanon, South Korea, Qatar, Jordan, Singapore, Malaysia, UK etc. who sends substantial remittance to the country, more integrated services are expected by the people to meet their financial needs. The 2014 Annual Report of the Central Bank of Sri Lanka cited the total number of departures for foreign employment has shown a growth by 2.5% compared to 2013. The report also states an increase in terms of skilled labour, professionals, and middle level, clerical and unskilled categories.
Being a pioneer in real-time international money transfer business,Seylan Bank has their very own, innovative remittance platform “SeyCash” which offers a secure, reliable and a speedy remittance service on par with any other global money transfer service. In addition to serving the Sri Lankan diaspora overseas throughSeyCash, Seylan has also partnered with other exchange houses and global banks.
Seylan Bank has entered into strategic partnerships with many leading global money transfer companies such as MoneyGram, Xpress Money,Unistream, SAMBA, RIA, Tempo and many more to offer more choices for people distanced from their loved ones.As a major player in the industry the bank enjoys an enviable reputation in serving the beneficiaries of the workingcommunity internationally, to transmit their remittances for their loved ones in Sri Lanka. The bank has partnered with overseas agents around the globe tofacilitate both remitters and beneficiaries to send and receive money respectively.
Mr. Tilan Wijeyesekera, DGM Marketing and Personal banking, Seylan Bank said, “Our key objective is to ensure simple and friendly banking service to the Sri Lankan expats abroad and serve the loved ones here to use a safe and secure money transfer service, at an affordable cost within few minutes from anywhere in the world. The bank with a heart, fostering close relationshipsduring Christmas and Thaipongalamong families and friends who live apart, has decided to offer a definite gift of IDD call card valued atRs. 500 with a free sim for remittances collected over Seylan counters from December till the end of January 2016.This offer is valid for Pay on Identification based transfers made viaSeyCash, Moneygram, Ria, Unistream, Express Money, Speed Cash Now, Enjaaz, Ez remit, Tempo and Mondial Bony Services. We believe this gift of connectivity will bring loved ones together this season despite the distance.”
Whilst offering banking and financial solutions to migrant workers, Seylan Bank also takes initiatives in looking after their social well-being. Many events and annual gatherings are conducted throughthe sponsorships extended by Seylan Bank, especially in the Middle East where the majority of the migrant population is based.Seylan also has its own bank representatives based in Lebanon, Saudi Arabia and United Arab Emirates offering advice and guidance in banking and remittance matters to Sri Lankans working abroad, in their mother tongue
Seylan Bank’s value additions to the remittance business has differentiated the service from others and has made it popular among the Sri Lankan expatriates. Extensive location coverage island wide, latest IT systems and broad spectrum of options which enable convenient access to all customers places Seylan Bank in the forefront of the remittance business. Seylan is appreciated for its experienced and friendly service offered to customers and end users are benefitted as the exchange rate of the bank is on par with others in the industry. Also Seylan has its own counter at the Sri Lanka Foreign Employment Bureau, where banking information can be obtained by the emigrants on departure.
