{"id":75749,"date":"2021-10-16T19:04:19","date_gmt":"2021-10-16T19:04:19","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=75749"},"modified":"2021-10-16T19:04:19","modified_gmt":"2021-10-16T19:04:19","slug":"implementing-a-mobile-application-sl-remit-to-facilitate-foreign-remittances","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/implementing-a-mobile-application-sl-remit-to-facilitate-foreign-remittances\/","title":{"rendered":"Implementing a mobile application \u2018SL- Remit\u2019 to facilitate foreign remittances"},"content":{"rendered":"<h1 class=\"mvp-post-title left entry-title\" style=\"text-align: center;\"><span style=\"color: #000000; font-size: 28px;\">Implementing a mobile application \u2018SL- Remit\u2019 to facilitate foreign remittances<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75750 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/10\/Central-Bank-of-Sri-Lanka.jpg\" alt=\"Central Bank of Sri Lanka\" width=\"729\" height=\"405\" \/><\/p>\n<p><strong><span style=\"color: #800080;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 16px;\" href=\"https:\/\/island.lk\/implementing-a-mobile-application-sl-remit-to-facilitate-foreign-remittances\/\" target=\"_blank\" rel=\"noopener noreferrer\">Island<\/a><\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 16px; color: #000000;\">The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance channels with the objective of increasing the inflows of foreign remittances while discouraging the use of informal channels.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 16px; color: #000000;\">The Working Committee comprised experienced professionals from Bank of Ceylon, People\u2019s Bank, Sampath Bank PLC, Commercial Bank of Ceylon PLC, Hatton National Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, Cargills Bank Ltd, Dialog Axiata PLC, Mobitel (Pvt) Ltd and CBSL.<\/span><\/p>\n<p align=\"LEFT\"><span style=\"color: #000000;\"><!--more--><\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 16px; color: #000000;\">The Working Committee has proposed the implementation of a National Remittance Mobile Application titled \u201cSL-Remit\u201d to attract more remittances to Sri Lanka with features such as self registration of users, the ability to link to global money transfer operators &amp; global FinTechs to facilitate remittances from any country, instant fund transfer to any bank account\/mobile wallet in Sri Lanka.<\/span><\/p>\n<p style=\"text-align: justify;\" align=\"LEFT\"><span style=\"font-size: 16px; color: #000000;\">In addition, the application would include value-added services such as direct bill payments, attractive foreign exchange rates and low transaction fees. CBSL will now implement the \u201cSL-Remit\u201d mobile application with the assistance of stakeholders, including the Ministry of Finance, Ministry of Foreign Affairs, Sri Lanka Banks\u2019 Association, Sri Lanka Bureau of Foreign Employment and LankaClear (Pvt) Ltd.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Implementing a mobile application \u2018SL- Remit\u2019 to facilitate foreign remittances Source:Island The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and to make recommendations on reducing the cost of remitting money, having identified the need to introduce new and low cost remittance [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":75750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[4289],"class_list":{"0":"post-75749","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-central-bank-of-sri-lanka","9":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Implementing a mobile application \u2018SL- Remit\u2019 to facilitate foreign remittances<\/title>\n<meta name=\"description\" content=\"The Central Bank of Sri Lanka (CBSL) had appointed a Working Committee to study and suggest new remittance channels for Sri Lanka and\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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