Singer Finance becomes SL’s first finance company to introduce credit cards
Monday, 8 December 2014 00:00
The Central Bank of Sri Lanka (CBSL) has licensed Singer Finance PLC to issue payment cards, both Debit Cards and Credit Cards, making the company the very first non-banking financial institution in Sri Lanka to be able to do so. The pioneering company is a subsidiary of retail giant, Singer Sri Lanka, and is leveraging the strength and reach of its parent company in order to bring flexible financial solutions to Sri Lankans all across the island.
Highly regarded for its innovative approach to financial services, Singer Finance offers a range of products and services including fixed deposits, business loans, consumer finance, foreign currency exchange, leasing, and hire purchase.
The company has also introduced group sales to its portfolio, a unique facility that gives staff at reputed public and private organisations the ability to pay for consumer products in monthly instalments. Singer Finance is the market leader in this segment, with employees at over 400 institutions island-wide making use of this convenient facility.
The company has steadily increased its country-wide reach over the past ten years, and now has 18 Branches, two Service Centres and counters at 15 Singer Mega outlets across the island, including in Jaffna.
With customer convenience at the heart of the company’s value proposition, Singer Finance also accepts payments at over Singer 400 outlets island-wide. This unrivalled level of service is empowered by the industry’s best online, real-time payment system.
The Singer Finance Board consists of Dr. Saman Kelegama (Chairman), Marina A. Tharmaratnam
(Independent Director), J. Setukavalar (Independent Director), Gavin J. Walker (Director), John Hyun (Director), Y.C. Joe Kan (Director), Janaka Mendis (Director), R.S. Wijeweera (Director/CEO), K.K.L.P. Yatiwella (Alternate Director), Shyamsunder Ramanathan (Alternate Director), and Premalal De Silva (Alternate Director).