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Home » News » Cargills Bank partners with Crosspay to launch international money transfers to Sri Lanka


Cargills Bank partners with Crosspay to launch international money transfers to Sri Lanka

Author:    Crosspay   |   December 2, 2020

Colombo and London: One of the fastest-growing digital money transfer services Crosspay has partnered with Cargills Bank, one of the most reputed and trusted banks in Sri Lanka.

Crosspay, a worldwide money transfer platform allows customers to send money to Sri Lanka in three simple steps directly from their phones or computers without having to deal with the hassle of traditional money transfer services.

With a population of more than 130,000 Sri Lankans living in the UK, remittances are playing a crucial role in the development of Sri Lanka’s economy. As per the Central Bank report, in 2017 Sri Lanka ranked top in the list of countries with the most worker’s remittance received with over USD 7 Billion.

The partnership with Cargills Bank expands Crosspay’s remittance service and increases customer network by two folds. Now Crosspay customers can send money from UK, Norway, Denmark, and Sweden to Sri Lanka with options for both account credit and cash pickup.

Cargills Bank is one of the leading banks in Sri Lanka which has a healthy presence and a great reputation with a customer-centric approach. It works with a vision of taking advantage of the trending digital technology to enhance their banking services in Sri Lanka. Cargills Bank is now getting ready to expand its network with diverse services to the customers. Their partnership with the digital remittance platform is also creating new scope to provide world-class services to their customers.

Crosspay was established in the year 2015 and has been successful in expanding remittance services to over 30 countries across Africa, Asia, Australia, Europe, and North America.

Mr. Rajendra Theagarajah, CEO, and MD of Cargill Bank said:

“As a part of our drive to strengthen the remittance services we are pleased to partner with a new generation money transfer provider Crosspay at a time when remittances sent to Sri Lanka continue to grow at a significant rate. We are delighted to be adding Crosspay to our partner network so that the Sri Lankan diaspora and their recipients now have an even wider choice of receive locations and we look forward to furthering our partnership with Crosspay across the region. The receivers, particularly in the rural and remote areas and the beneficiaries, would be able to collect them from any of our network of more than 340 Cargills Food City outlets.”

Rakesh Kurian, founder, and CEO of Crosspay said:

“At Crosspay, we work on giving our customers the simplest and Technologically Advanced Platform for international money transfer services. For the same, we are excited to partner with Cargills Bank Sri Lanka to make the international money transfer as simple as sending a message. We are excited to be one of the first in transforming the way remittances are sent to Sri Lanka from Europe. With this move, we are reaching closer to our mission of making Crosspay, one of the world’s most customer-centric remittance platform.”

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Registered Office at 69 King William Street, London, EC4N 7HR, United Kingdom. Company Registration Number: 11585641. Crosspay Ltd (a subsidiary of Crosspay Group) is authorised by the Financial Conduct Authority (FCA) for the provision of payment services. Firm Reference Number: 720157 and regulated by the HM Revenue & Customs
as a Money Service Business. MLR Registration Number: 12847230

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