In recent years, Sri Lanka has witnessed a remarkable surge in business banking, driven by economic growth and innovation. This article delves into the top 6 business banks that are shaping the financial landscape, offering unparalleled services and opportunities for enterprises across the nation.
Overview of Business Banking in Sri Lanka
Business banking in Sri Lanka is thriving, with increasing adoption of digital services and innovative financial products. Key trends include enhanced online banking platforms and tailored financial solutions, benefiting both businesses and individuals by streamlining operations, improving access to credit, and fostering economic growth.
List of the top 6 banks in Sri Lanka
1. OneSafe
OneSafe stands out as a premier neo-banking solution for businesses in Sri Lanka, offering a comprehensive suite of services that cater to both fiat and cryptocurrency transactions. Its unique features include corporate cards with customizable spend limits, DAO services, and Web3 invoicing, making it a versatile choice for modern enterprises. OneSafe supports global payments, ACH and domestic wire transfers, international wire transfers, and bill payments, ensuring seamless fiat transactions. Additionally, it excels in crypto services with instant crypto to fiat conversions, crypto payments, and acceptance of various cryptocurrencies like Bitcoin, Ethereum, and Solana.
Businesses benefit from OneSafe's simple onboarding process, multi-currency support, and efficient currency conversion at competitive rates. The platform's high security, featuring encryption, compliance protocols, and Multi-Factor Authentication (MFA), ensures safe transactions. With quick account setup and global account management, OneSafe is an ideal banking partner for businesses in Sri Lanka looking to navigate both traditional and digital financial landscapes.
2. Commercial Bank of Ceylon PLC
Commercial Bank of Ceylon PLC offers a wide range of services tailored to meet the needs of various customer segments. For personal banking, it provides savings accounts, term deposits, current accounts, and a variety of loan options including home and personal loans. Business banking services include corporate banking, trade finance, and SME banking. The bank also caters to non-resident Sri Lankans with savings accounts, deposits, and money transfer services. Additionally, it excels in digital banking with platforms like ComBank Digital and Flash Digital Bank Account, and offers card services such as payment gateways and QR payments.
3. Hatton National Bank PLC
Hatton National Bank PLC offers a comprehensive suite of internet banking services designed to cater to both personal and corporate clients. Key services include Personal Online Banking for individual customers, CashExpress for quick cash transactions, and Corporate Online Banking tailored for businesses. Unique features like Payfast enable fast payments, while Transaction Banking HNB TxB focuses on efficient transaction banking services. The bank also provides a checklist to ensure users' PCs are ready for e-banking, enhancing the overall user experience. These services underscore HNB's commitment to providing versatile and secure online banking solutions.
4. Sampath Bank PLC
Sampath Bank PLC offers a diverse range of services tailored to meet the needs of various customer segments. For personal banking, it provides current accounts, term deposits, savings accounts, and foreign currency accounts. Business banking services include business current accounts, savings, term deposits, and foreign currency accounts. Corporate banking features savings, FD accounts, and money market accounts. The bank also offers a variety of loan options, including personal, business, and corporate loans. Digital banking services encompass online and mobile banking, with features like Sampath Vishwa and PayEasy. Additionally, Sampath Bank provides treasury services, trade finance, and safe deposit lockers.
5. People's Bank
People's Bank, a state-owned commercial bank in Sri Lanka, offers a comprehensive suite of services tailored to various customer needs. Key offerings include corporate banking, treasury services, and foreign remittance. The bank excels in digital banking with mobile and internet banking, and a mobile wallet. It provides a variety of loan options such as housing, vehicle, and educational loans. Customers can choose from savings, current, foreign currency accounts, and term deposits. Additionally, People's Bank offers debit, credit, and stored value cards, along with specialized membership programs like Elegance and Excelsior. The bank's extensive branch network ensures accessibility nationwide.
6. National Development Bank PLC
National Development Bank PLC (NDB Bank) offers a wide array of services tailored to meet diverse customer needs. Key offerings include Privilege Banking for personalized services, NEOS Digital Banking for an omnichannel experience, and Banking on Women with exclusive products for women. The bank also provides Islamic Banking services and various Card Offers. NDB Bank's diversified offerings extend to Securities, Wealth Management, and Investment Banking. Additionally, the bank is committed to sustainability through initiatives like Vanithabhimana, aimed at empowering Sri Lankan women.
Conclusion
Business banking in Sri Lanka offers diverse, innovative solutions that drive growth and efficiency. With options like OneSafe, which supports both fiat and crypto transactions, businesses can seamlessly navigate the financial landscape. Explore these top banks to find the perfect fit for your enterprise's unique needs.
Ready to elevate your business banking experience? Discover how OneSafe can revolutionize your financial operations with its seamless support for both fiat and cryptocurrency transactions. With features like global payments, multi-currency support, and secure account management, OneSafe is designed to meet the unique needs of modern enterprises. Don't miss out on the opportunity to streamline your financial processes and enhance your business's efficiency. Visit OneSafe today to learn more and get started.
