HNB Records Growth in Digital Remittances During COVID Lockdown

Source: Lanka Business Online

Sri Lanka’s Hatton National Bank (HNB) has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.

The bank recorded a 15 percent Year-on-Year (YoY) increase in digital remittances and a 10% YoY increase in cardless withdrawals across its extensive ATM network over the past three months primarily sourced from the Middle East and East Asian nations.