Transfast Launches Instant Bank Deposit Service to Commercial Bank in Sri Lanka

NEW YORK, April 8, 2015 /PRNewswire/ -- Transfast, a leading global money transfer company, announced it is now offering instant bank deposits into accounts at Commercial Bank in Sri Lanka, 365 days a year, 24 hours a day, including bank holidays.

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With the addition of Commercial Bank to Transfast's proprietary network, senders and their beneficiaries can enjoy an innovative service that enables beneficiaries to receive money into their bank accounts instantly.  At the same time, senders can take advantage of Transfast's convenient options for sending money to Sri Lanka, either online, via mobile, or in person at agent locations.

"We're excited to partner with Commercial Bank, the largest private bank in Sri Lanka, and to expand our instant bank deposit service," says Transfast CEO Samish Kumar. "We know our customers who send money to Commercial Bank accounts will enjoy never having to wait for their funds to arrive."

Transfast customers can send money online, via mobile or through agent locations around the globe to their friends and family in Sri Lanka. Recipients can receive money direct to their bank accounts, or pick up the money within minutes at many convenient locations throughout Sri Lanka, including any of Commercial Bank's 242 branches.

About Commercial Bank:

The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for four consecutive years (2011-2014), Commercial Bank operates a network of 242 branches and 610 ATMs in Sri Lanka. The bank has won multiple awards as Sri Lanka's best bank over several years, and was adjudged one of the country's 10 best corporate citizens by the Ceylon Chamber of Commerce in 2013 and 2014. The bank has been rated Most Respected Bank in Sri Lanka by LMD, the leading Sri Lankan business magazine, for the past 10 years, has been the second Most Respected Corporate entity in the country overall for the past four years, and has been rated number one in Sri Lanka for honesty in 2013 and 2014 by LMD.

About Transfast:

Transfast, a leading international money transfer and payments company in the $608 billion annual global remittance industry, operates a proprietary, self-owned network of over 300,000 payment points across more than 100 countries in the Americas, Asia, Europe, and Africa. An industry innovator that's constantly working to make customers' lives easier, Transfast pioneered instant bank deposits to the Philippines (2009), India (2014), and Bangladesh (2015).

For more information, visit www.transfast.com. 

Transfast PR Representative:

Lynn Schwartz
Newsmaker Group Public Relations
Email
973-736-7118

SOURCE Transfast

Related Links

http://www.transfast.com