Nations Trust Bank partners with Xpress Money to promote remittances

Monday, 21 November 2011 00:00 - - {{hitsCtrl.values.hits}}

Nations Trust Bank, Sri Lanka’s fastest growing bank, in operation for over a decade, entered into a partnership with Xpress Money to increase remittances across the bank’s branch footprint that is now islandwide.

An agreement to this effect was signed recently at the bank’s head office in Colombo between Nations Trust Bank and Xpress Money. Xpress Money is a UK based instant money transfer brand with a thriving presence in more than 95 countries in five continents across 85,000 agent locations worldwide.

Xpress Money is an FSA licensed Authorised Payment Institution (API) that has come to be known as the fastest growing instant money transfer brand worldwide.

Xpress Money provides its customers an instant, safe and affordable way to transfer money worldwide.

This proposition will enable Sri Lankans living overseas to remit money to their loved ones. Through this remittance service funds could be collected over the counter at any of one of the 46 Nations Trust Bank branches that are open 365 days of the year with extended banking hours. The Xpress Money remittance service is offered to all NTB customers and non customers alike.

Commenting on the partnership Director/CEO Saliya Rajakaruna said: “This partnership is another milestone in providing a convenient & fast remittance service through a globally recognized brand to anyone in Sri Lanka through the Nations Trust Banking network.

We look forward to a growing partnership with Xpress Money to increase remittances to Sri Lanka.”

Echoing Rajakaruna’s comments, Head of Marketing at Xpress Money Vinesh Venugopal Nair said: “Around 14% of Sri Lanka’s labour force work in countries abroad. And our expansive network gives overseas workers a fast, affordable and secure money transfer service, this alliance with Nations Trust Bank is just what we needed to improve our reach in the country.

Nations Trust Bank reputation as a reliable and customer-friendly bank forms the perfect alliance for us.”

Nations Trust Bank PLC is one of the fastest growing banks in Sri Lanka today. Its’ market positioning of being the benchmark of convenience is now ably supported by a host of financial products and services to a wide customer segment.

The bank now has 46 branches, seven Personal Banking Centres and is the sole issuers and acquirer for American Express cards in Sri Lanka.