LB Finance joining hands with MMBL to provide Western Union services

Thursday, 15 June 2017 00:00 - - {{hitsCtrl.values.hits}}

From left: LB Finance Director – Asset Management March Perera, LB Finance Managing Director Sumith Adhihetty, Aitken Spence Group Director and MMBL Money Transfer Managing Director Dinesh Mendis, and MMBL Money Transfer Director Adrian Corera

LB Finance PLC is expanding its range of value-added services to its esteemed customers by joining hands with MMBL Money Transfer Ltd. to offer Western Union Money Transfer services. With experience in the financial services industry spanning over four decades, LB Finance has established itself as an undisputed leader, offering innovative products and services to its customers.

With a network of over 500,000 agent locations in more than 200 countries and territories around the world, Western Union is a leader in global payment services, having moved over $80 billion dollars for consumers last year alone.

“With over 1.7 million Sri Lankans employed overseas, mainly in the Middle East, inward remittances from this sector exceed $ 7 billion making it the largest foreign exchange revenue source for the country. Remittances sent through Western Union Money Transfer services can be collected at any branch of LB Finance which are open Monday to Saturday from 8:30 a.m. to 6 p.m. This is a benefit to such workers who send money to their loved ones in Sri Lanka,” stated LB Finance Ltd. Managing Director Sumith Adhihetty.

Commenting on this tie up, Aitken Spence Group Ltd. Director and MMBL Money Transfer Managing Director Dinesh Mendis said, “Western Union, founded in 1851, is a pioneer in global fund transfer. Having spearheaded their services across Sri Lanka, we are glad to welcome LB Finance into our fold. MMBL’s locations are spread across the island, served by a variety of institutions, along with our newest partner, LB Finance, and connecting Western Union’s network to many corners of the land.”