Mobile Banking

June 22, 2011 (LBO) – Sri Lanka’s Commercial Bank plans to offer more mobile phone banking services such as allowing customers to remit funds and check the status of deposited cheques. Commercial Bank’s internet banking facilities are also to be shortly offered via a Wireless Application Protocol (WAP) portal, the bank said in a statement.

The bank has just introduced a tri-lingual mobile application for its account-holders with mobile phone connections provided by the Dialog, Airtel and Etisalat operators.

The new application enable users to use their mobiles to obtain account balances and mini-statements, make credit card related enquiries, check exchange rates and settle water and electricity bills of the Ceylon Electricity Board and Lanka Electric Company power utilities.

Users can also settle telephone and mobile bills, top-up their prepaid mobile accounts and transfer funds between their own accounts.

The new services enhance convenience, Commercial Bank’s Deputy General Manager Operations Sanath Bandaranayake said.

The bank expects to introduce further value additions to the mobile banking facility in the near future.

“These will include