DFCC Remittances Cements Position as Premier Choice for Inward Remittances Providing Maximum Convenience and Benefits

(LANKAPUVATH | COLOMBO) –  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 EtheraSaviya” 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.

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