The Mercantile Merchant Bank Ltd (MMBL), one of the two local agents for the Western Union has set on a aggressive expansion drive that will double its 25 sub agent network by the end of this year.
rnrnldblquote We are looking at areas with high inward remittances. In North and East we will be opening sub agent service points in Mannar, Kilinochchi and Kalmune
dblquote , said Uddaka Tennakoon, MMBL
quote s Managing Director.
rnrnMMBL currently operates service points in Jaffna, Trincomalee and Batticlore. ldblquote We will be increasing the number of sub agents in Jaffna Peninsula and Wanni to popularise the Western Union service for inward remittances
dblquote , Tennakoon said.
rnrnSignificant proportion of inward remittances from the Western countries to North East population is currently channelled through unofficial avenues.
rnrnMMBL expects a considerable shift to legitimate channels of money transferring following their planned promotional campaigns to create awareness about the benefits of for