ComBank Voted “Best Engaging Global Card Base” by Daraz for 3rd Consecutive Year
Tuesday, August 2, 2022, 9:22 a.m. SL time, ColomboPage News Desk, Sri Lanka.
August 02, Colombo: Commercial Bank of Ceylan was voted “Best Engaging Global Card Base” for the third consecutive year at the “Payment Partner Performance Awards 2022” hosted by Daraz, Asia’s largest e-commerce platform from South.
The Bank received this prestigious award for supporting the Daraz platform by generating the most credit and debit card transactions and the most unique buyer engagements in fiscal year 2021-22.
Commercial Bank is the only Sri Lankan bank to have won this award for three consecutive years.
The Bank said it has conducted 18 card promotions in collaboration with Daraz from January 2021 to date, encouraging a large number of Bank customers to engage with the online shopping platform, thus generating the highest payment volume. higher for the last price valuation year. These promotions throughout the year are designed by the Bank to offer the best advantages to its card customers and to build loyalty with its partner merchants.
Notably, commercial bank cards generated the highest sales volumes for Daraz during most of its online promotions in 2021-2022, including during “Daraz 11.11” and “Daraz 12.12” which positioned themselves as the Sri Lanka’s biggest online shopping festivals.
Commenting on the latest award, the Commercial Bank’s Chief Card Center Manager, Mr. Nishantha de Silva, said: “Platforms like Daraz not only represent the present and the future of e-commerce, they complement the own efforts of the commercial bank to popularize the use of digital and the Web. bank based to the masses. We are delighted with the steadily increasing volumes we are generating for Daraz and look forward to working innovatively with the Daraz platform in the future as well.
Commercial Bank of Ceylon has been Daraz’s Internet Payment Service Provider (IPG) since 2018. The two organizations work together to deliver diverse and unique offerings to customers to provide them with attractive value additions. Commercial Bank cardholders can enjoy periodic discounts at Daraz with the Bank’s structured offers and the convenience of easy payment plans for up to 60 months.
Launched in 2012, the Daraz e-commerce site has an active presence in Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal. The market has more than 2.5 million products in various categories such as consumer electronics, housewares, beauty, fashion, sports equipment and groceries. It was acquired by the Alibaba Group in 2018.
Commercial Bank credit and debit cards offer promotions throughout the year covering a wide variety of services. Commercial Bank was the first bank to offer loyalty rewards to credit and debit cardholders under its Max Loyalty Rewards Points program. The Bank has also pioneered the extension to its debit cards of discount promotional offers which were traditionally offered only for credit cards.
Commercial bank cards are the fastest growing cards in Sri Lanka and enjoy a leading position in the market for cumulative use of credit and debit cards at points of sale. The Bank offers a variety of credit cards in Silver, Gold and Platinum levels of Visa, Mastercard and UnionPay cards, as well as Visa Signature, World Mastercard, Visa Infinite, UnionPay Asia Prestige Platinum and UnionPay Asia Prestige Diamond cards in the segment premium. . The cards are equipped with NFC “Tap ‘n Go” technology and are backed by a strong NFC point-of-sale (POS) network.