DFCC Remittances Cements Position as Premier Choice for Inward Remittances Providing Maximum Convenience and Benefits
February 7, 2024
DFCC Remittances has continued to serve the Sri Lankan diaspora by providing seamless, secure, fast, and affordable inward remittances to Sri Lanka. It reflects DFCC Bank’s dedication to providing convenient financial solutions for the global Sri Lankan community, enabling individuals worldwide to effortlessly remit funds to their loved ones in Sri Lanka. Operating in collaboration with 11 partner banks, DFCC Remittances ensures a swift and secure transfer process directly to local bank accounts in real time.
Today, DFCC Remittances has expanded and covers locations across the globe through partnerships with reputed exchange companies. In Sri Lanka, it leverages its extensive local presence across locations island-wide and through LankaPay ATMs to offer unparalleled accessibility, allowing recipients to conveniently access funds digitally, physically or using their debit cards. Alongside this, DFCC Remittances offers its remittance customers a slew of tailored loan packages and other financial services designed especially to cater to the needs of Sri Lankans working abroad and their families in Sri Lanka.
Commenting, Anton Arumugam – Senior Vice President- Offshore Banking, Remittance, and Business Development at DFCC Bank, remarked, “Our goal is to ensure seamless, simple, and easy remittances for Sri Lankans living and working abroad whilst simultaneously ensuring seamless access of these funds here in Sri Lanka by their families. Thus, DFCC Remittance service has been designed with the customer in mind for maximum convenience. Our commitment to financial literacy, innovative services, and global partnerships positions us as the preferred choice for remittances among migrant workers. Thus, we are proud of our accomplishments and look forward to continued success in providing accessible, seamless, and reliable remittance services to the global community of Sri Lankans.”
Recognising the outstanding performance of DFCC Remittances and contributions to the industry, the platform was presented with the prestigious “ADFIAP Merit Award 2023” for its exceptional contributions to Foreign Income Development in Sri Lanka. This accolade underscores the commitment of DFCC Remittances to excellence and innovation, solidifying its standing as a leader in the remittance landscape.
The appointment of DFCC Business Promotion Officers in key regions such as UAE, Qatar, and Israel laid the foundation for expanded business avenues and a robust presence in crucial markets. A comprehensive awareness campaign centred around the Kurunegala region — home to many foreign workers—further amplified the outreach of DFCC Remittances. Efforts such as this have contributed towards the success of the platform.
Collaborative efforts with Partners, visits to foreign employment agencies, and promotion of the “DFCC Ethera Saviya” pre-departure loan scheme were also instrumental in broadening the platform’s impact. A pioneering financial literacy booklet tailored for migrant workers, a groundbreaking initiative in Sri Lanka that provided valuable insights for these individuals, was also launched. This was complemented by financial literacy awareness sessions conducted by DFCC Bank and held at Sri Lanka Bureau of Foreign Employment (SLBFE) Training Centres to benefit migrant workers.
Accordingly, 2023 marks a milestone year for DFCC Remittances and stands as a testament to DFCC Bank’s unwavering commitment to excellence and innovation in remittances. As DFCC Remittances continues to evolve and expand its footprint, it remains the preferred partner for migrant workers, offering unparalleled services and contributing significantly to the economic well-being of Sri Lanka.
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the ‘Most Trusted Retail Banking Brand’ and the ‘Best Customer Service Banking Brand’ in Sri Lanka in 2021 by Global Brands Magazine UK and ‘Market Leader and Best in Service in Cash Management 2022’ by Euromoney. Additionally, DFCC Bank is ranked among Business Today’s Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.
