MUSCAT, 25 April 2016 – Bank Muscat, the flagship financial services
provider in the Sultanate, and Commercial Bank of Ceylon (CBC) have joined hands
to launch mobile banking remittance service to Sri Lanka. Abdullah Tamman Al
Mashani, Deputy General Manager – Institutional Sales & Products
Development, signed the agreement on behalf of Bank Muscat and Palitha Perera,
Assistant General Manager – Operations, signed on behalf of CBC,
in the presence of H.E. JH Liyanage, Minister from the Embassy of Sri
Lanka, Pradeep Banduwansa, Chief Manager, E-Banking CBC, Management Team members
from Bank Muscat, and prominent Sri Lankan community members.
With the new facility benefiting 12,000-strong Sri Lankan community in
the Sultanate, Bank Muscat customers can make mobile banking remittances to Sri
Lanka by direct credit to beneficiary account with CBC or credit to beneficiary
account with third party banks in Sri Lanka.
Abdullah Tamman Al Mashani said: “Bank Muscat is delighted to join hands
with CBC, facilitating value added services to customers, especially the Sri
Lankan community in Oman. Bank Muscat is focused on ensuring market leading and
state-of-the-art products and services for customers. The new remittance service
to Sri Lanka reiterates the bank’s commitment to expanding world class banking
services. The customer-centric strategy of the bank will continue to enhance
value added services.”
H.E. JH Liyanage said: “We congratulate the two leading banking
institutions on the tie-up which is a boon for the Sri Lankan community in Oman.
The technology-driven secure remittance facility ensures convenience.”
Palitha Perera said: “Commercial Bank is proud to tie up with Bank
Muscat for the remittance service. The synergy between the two leading banks
will significantly benefit the Sri Lankan community in the
In line with the ‘Let’s Do More’ vision and focus on innovation to
provide a distinct banking experience, the upgraded feature-rich mobile banking
application by Bank Muscat facilitates unique services to do more banking from
the coveted His Majesty Sultan Qaboos Award for the Best Public eService, Bank
Muscat’s mBanking is Oman’s preferred mobile banking service with more than
350,000 registered customers.
In keeping with the bank’s focus to provide world class banking products
and services, especially electronic services which spell convenience to
customers, the mBanking service complements the government's efforts in creating
a digital society. Bank Muscat enjoys an edge in hi-tech products and services
and the mBanking services in particular fulfill the banking requirements of a
young, tech-savvy generation.
The ‘anytime, anywhere’ mBanking has made banking truly mobile for the
largest banking family in Oman who can bank 24/7 ‘anytime, anywhere’. Notably,
the mBanking application works on most of the mobile phones and is customised
for iPhones, Blackberry and Android phones with simple icons and menus. The
mBanking application is available in both English and Arabic.
Robust security features have been built into the ‘trusted’ mBanking
application. Data exchange from this application is encrypted based on best
industry standards and dual factor authentication.
Driven by the latest technological features and offering a wide range of
options, mBanking presents a unique facility from Bank Muscat that lets
customers bank at convenience from ‘anywhere, anytime’. For people constantly on
the move, mBanking service is a boon. The remittance service will be soon
available on Internet banking, with promotional offers from time to
Established in 1969, Commercial Bank is the largest private bank in Sri
Lanka and the only Sri Lankan bank to be ranked among the top 1000 banks of the
world for five successive years. CBC is the first private bank in Sri Lanka to
achieve Rs.10 billion profit and surpass Rs.500 billion assets.
Commercial Bank’s superior financial stability and strength is
emphasised by the fact that it has the largest market capitalisation among all
listed banks and financial institutions in Sri Lanka and the highest assets base
among all private banks. The bank operates the country’s single largest ATM
network and has a strategically located island-wide network of branches. CBC
operates 18 outlets in Bangladesh and is the third biggest foreign bank in the