Business
FriMi Marks 5 years of Revolutionizing the Sri Lankan Fintech Industry
FriMi, the first fully-fledged digital bank in Sri Lanka powered by Nations Trust Bank PLC, recently marked 5 years of revolutionizing the Fintech industry in Sri Lanka. The mobile wallet and payments platform – wrapped up in one lifestyle app and packed with a multitude of innovative features to make life effortless – is set to celebrate their anniversary by rewarding customers through exciting promotions and activities throughout the month of July.
Offering ultimate convenience, FriMi allows customers to perform various tasks from making payments to moving money to saving money and even opening a bank account, 100% digitally via the app. Cashless payments include LANKAQR, Remote payments, Bill & Credit Card payments, Physical and Virtual Debit Cards, whereas Send Money, Cash Tokens and Fund Transfer options help move money seamlessly. The app also promotes saving in a meaningful and effortless way through features such as Saving Pots, Round Up Savings, Bucketlist and Digital Fixed Deposits – most of them being first of its kind in Sri Lanka.
Hemantha Gunetilleke, Director/CEO of Nations Trust Bank PLC commented, “This 5-year milestone is an achievement for both FriMi and the Bank as it is a true testament of our continued efforts to reimagine banking in the digital world. Disrupting the banking industry since 2017, FriMi has not only evolved with pioneering products and services but has also played an important role in championing and enabling contactless payments across the country. We’re proud to have been a part of various national-level initiatives such as the implementation of the digital KYC process with the Department of Registered Persons and the enablement of LANKAQR payments at all the Expressway toll pay points and we will remain committed to uplifting Sri Lanka towards a digital forward economy.”
The FriMi app has been internationally recognized by The Asian Banker as one of the ‘Top 30 Best Digital Financial Services Providers in the Asia Pacific, Middle East, and Africa’ and by the International Business Magazine Awards 2021 as the ‘Most Innovative Contactless Payments Application in Sri Lanka’. Locally, FriMi was recently awarded the ‘Online Brand of the Year 2021’ – Bronze at the SLIM Brand Excellence Awards 2021 and has been named one of the ‘Top 10 E-Commerce brands of Sri Lanka’ by the LMD Brands Annual Report 2020.
“As the first lifestyle and digital banking experience in Sri Lanka, FriMi has been encouraging the behaviour of contactless payments and providing a range of unique services that go beyond banking, creating true value for the customer. I want to take this opportunity to thank all of our loyal FriMians, partners and merchants who’ve been onboard with us in the last 5 years and of course, the FriMi team who have supported us throughout our revolutionary journey in Sri Lanka’s digital payments landscape,” said Randil Boteju, Senior Vice President, Acquisition & Digital Banking of Nations Trust Bank.
“We really look forward to introducing more unique and revolutionary digital solutions to make our customer’s lives even more effortless, while also making a positive contribution to the digital ecosystem in Sri Lanka,” added Boteju.
FriMi is available on Android, iOS and Harmony OS and anyone in Sri Lanka above the age of 18 years can get on board FriMi by downloading the app. FriMi is powered by Nations Trust Bank PLC which is among the top 15 business establishments in Sri Lanka as ranked by Business Today and is strongly focused on digital empowerment through cutting-edge digital banking technologies.
Business
ComBank hands over fully refurbished wards at De Soysa Hospital for Women
The Commercial Bank of Ceylon recently handed over Wards No. 03 and 04 of the De Soysa Hospital for Women, after the completion of a comprehensive renovation project launched in March this year to mark International Women’s Day.
Wards 03 and 04 handle a substantial share of the hospital’s patient load, and account for approximately 2,500 to 3,000 deliveries and 4,000 to 5,000 admissions annually. Their refurbishment was designed to significantly enhance patient care, safety and comfort, and directly benefit thousands of mothers and newborns.
Five Trustees of the Commercial Bank’s Corporate Social Responsibility Trust participated in the formal handing over of the refurbished wards to the hospital authorities. They were Sharhan Muhseen, the Bank’s Chairman, Raja Senanayake, Deputy Chairman, Sanath Manatunge, Managing Director/CEO, Hasrath Munasinghe, Chief Operating Officer, and Prasanna Indrajith, Chief Financial Officer.
Established in 1879, the De Soysa Hospital for Women is the first maternity hospital in Sri Lanka and the second oldest in Asia and is credited with, among others, performing the country’s first caesarean section in 1905 and establishing one of its earliest organised operating theatres in 1907.
The Commercial Bank’s Corporate Social Responsibility Trust, through which this project was implemented, has via its healthcare-related interventions supported more than 100 government hospitals with essential equipment and infrastructure, contributed to emergency medical services through the ‘Adopt an Ambulance’ initiative, and implemented targeted community health interventions such as water storage solutions for families affected by kidney disease.
Business
IIHS expands global nursing pathways
The International Institute of Health Sciences (IIHS) Multiversity is expanding its international education programmes with the aim of creating overseas employment opportunities for Sri Lankan nurses and allied health professionals while contributing to foreign exchange earnings.
Speaking to the media during a conference at IIHS Multiversity in Kerawalapitiya, Dr. Kithsiri Edirisinghe, CEO, Co-Founder and Dean of IIHS aid that the institute has established academic partnerships with overseas universities and higher education institutions, including the University of Surrey in the UK, Deakin University in Australia, Metropolia University of Applied Sciences in Finland, Asia e University in Malaysia and SUNY Canton in the United States.
Under its ‘Study in Sri Lanka, Graduate to the World’ model, students can complete foundational and diploma-level qualifications locally before progressing to international top-up degrees or overseas employment.
Dr Edirisinghe said the model could substantially reduce the cost of obtaining internationally recognised qualifications. It estimates that completing a four-year bachelor’s degree at the University of Surrey in the UK would cost about USD 145,700, including tuition and living expenses, compared with about USD 27,750 through the IIHS pathway in Sri Lanka.
Dr Edirisinghe said the institute’s focus on overseas deployment addressed both Sri Lanka’s economic needs and the growing global demand for healthcare workers.
“Our winning model is producing job-ready, registration-ready healthcare professionals who can seamlessly enter foreign healthcare systems,” he said.
IIHS, which began operations in 2002 as the American College of Health Sciences, established its institutional base in Welisara in 2008 and launched its purpose-built greenfield multiversity campus in 2023.
The institute said it has upgraded the qualifications of more than 5,000 government nurses, supported over 2,500 youth on international employment pathways and trained more than 1,000 allied health professionals. It has also carried out over 250 community health projects.
The institute has identified Germany and Japan among its target markets, with pathways planned for 2,000 nurses for Germany and a one-year preparation programme linked to around 4,000 healthcare positions in Japan.
Dr. Renuka Jayatissa, Vice-Chancellor and a specialist medical doctor, said demographic changes and the growing burden of non-communicable diseases were changing healthcare requirements in Sri Lanka.
Business
Sampath Bank launches Sri Lanka’s first community-powered book discovery platform at Colombo International Book Fair
Sampath GPay customers can enjoy 25% cash back on Book Fair purchases
Sampath Bank PLC has launched Sampath Book Finder, Sri Lanka’s first community-powered book discovery platform, giving visitors to the Colombo International Book Fair a faster and more seamless way to find the books they are looking for across the fair’s 150+ stalls, while also opening up new opportunities to discover titles recommended by fellow readers.
Introduced on the opening day of the Colombo International Book Fair on 25 September, Sampath Book Finder brings together digital innovation and the collective knowledge of readers to address a familiar challenge at one of Sri Lanka’s largest literary gatherings, where the scale of the fair can make locating a particular title a time-consuming exercise. When a book proves difficult to locate, visitors can access bookfairtracker.com or scan the designated QR code and submit a request to the community, allowing readers who have already spotted the title to share its location and help others find it without having to search stall after stall.
Commenting on the initiative, Milinda Weerasinghe, Chief Marketing Officer, Sampath Bank PLC, said, “At Sampath Bank, we believe meaningful innovation begins by identifying everyday challenges and creating solutions that make a real difference. Sampath Book Finder brings this thinking to the Colombo International Book Fair by turning the collective knowledge of readers into a real-time digital solution, empowering them to find what they are looking for, discover something new and help others do the same, while making the overall experience more convenient and connected.”
The platform also turns book discovery into a shared experience, allowing visitors to recommend books they encounter by sharing the title, publisher, hall and stall number, which enables fellow readers to discover sought-after titles and recommendations while making it easier to locate them within the fair.
Sampath Bank’s longstanding association with the Colombo International Book Fair also continues in 2026, marking more than 20 years of partnership, with the Bank serving as the Official Banking Partner for this year’s fair. As part of its presence at the event, SampathCards offer 25% cashback for Sampath GPay customers on their purchases and 3 months 0% instalment plans for book purchases via Sampath credit cards, while visitors can also access banking services through the Bank’s physical presence at the fair. Customers registering to open selected Fixed Deposits at the premises will receive an additional 0.25%, adding further value and convenience for visitors.
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