Senders of remittances must to indicate the mobile number of the recipient to which the SMS should be sent.
As mobile technology has become a popular way of communication in various sectors, we decided to adopt SMS to send notifications faster to our e-Exchange recipients, Commercial Bank’s Deputy General Manager- Operations Sanath Bandaranayake said.
Recipients of remittances can collect their funds from any of Commercial Bank’s 198 computer-linked branches and access monies deposited via the bank’s ATM network of 417 terminals.
Those sending remittances can access the bank's real-time online money transfer facility through a network of agents in 50 countries.
The bank has recently expanded this facility to Saudi Arabia, Malaysia and Lebanon.