The Commercial Bank of Ceylon has won two top awards at the 2023 Payment Partner Performance Awards of Daraz, South Asia’s largest ecommerce platform.
Sri Lanka’s largest private sector bank has been adjudged the ‘The Best Engaging Overall Cards Base’ for the fourth consecutive year and has also been recognised as the Best Debit Card Base at these awards, presented recently at the Shangri-La Hotel Colombo. Commercial Bank was the only bank to win two awards.
The award for Most Engaged Overall Card Base is presented to the card base that has generated the highest number of shoppers engaged on the Daraz platform. Commercial Bank is the only Sri Lankan bank to win this award for four years consecutively, demonstrating its strong customer engagement and popularity among Daraz shoppers. Meanwhile the award for Best Debit Card Base goes to the card base that has generated the highest payment volume and transactions by a debit card base. This award is a testament to the growing popularity of ComBank debit cards for online shopping, and the convenience and security that they offer to customers, the Bank said.
Commenting on the two awards won by the Bank, the Head of Commercial Bank’s Card Centre Mr Nishantha de Silva said: “We are delighted to win two of the top awards this year for generating the highest number of transactions and payment volumes for Daraz. It is encouraging to see that in addition to being the fastest growing card base in the country, the Commercial Bank card base is extremely active, which represents a win-win for our cardholders as well as partner vendor platforms.”
The Commercial Bank of Ceylon has been an Internet Payment (IPG) service provider to Daraz since 2018. The two organisations have been working together to offer diversified and unique offers to customers with a view of offering them attractive value additions. Commercial Bank cardholders can enjoy periodic discounts at Daraz with the offers structured by the Bank, and the convenience of Easy Payment Plans of up to 24 months.
Launched in 2012, the Daraz ecommerce site has an active presence in Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal. The marketplace has over 30,000 sellers and 500 brands and serves 5 million consumers across the region offering over millions of products in diverse categories such as consumer electronics, household goods, beauty, fashion, sports equipment, and groceries. It was acquired by the Alibaba Group in 2018.
Commercial Bank cards are the market leader in Sri Lanka. The Bank offers global credit card brands in the Silver, Gold and Platinum tiers and a variety of cards in the premium segment. The cards are equipped with ‘Tap ’n Go’ NFC technology and are backed by a strong NFC Point-of-Sale (POS) network. ComBank Cards offers an exciting array of promotions and offers across all categories and also offers the Max Loyalty Rewards scheme for selected card categories covering both credit and debit cards.
Sri Lanka’s first 100% carbon-neutral bank and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World, Commercial Bank operates a network of 271 branches and 957 automated machines in Sri Lanka. Commercial Bank is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s Banking sector. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 20 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.
