FCCISL, Com­bank Mastercard and CH 17 launch ex­clu­sive debit card for SMES

Daily Mirror (Sri Lanka) - - FI­NANCE -

The Fed­er­a­tion of Cham­bers of Com­merce and In­dus­try of Sri Lanka (FCCISL), Com­mer­cial Bank and Chan­nel 17 (CH17) have launched a spe­cial Mastercard branded hy­brid debit card ex­clu­sively for en­trepreneurs in the Small and Medium En­ter­prise (SME) sec­tor, in a scheme to recog­nise the im­por­tant eco­nomic con­tri­bu­tion by such en­trepreneurs.

This EMV chip em­bed­ded debit card will be is­sued by the FCCISL to its mem­bers, and its own­ers will be el­i­gi­ble for spe­cial ben­e­fits such as sub­stan­tial dis­counts on ser­vices from Sri Lanka Tele­com and at­trac­tive dis­counts from Hard­ware stores, hos­pi­tals, restau­rants, and for ve­hi­cle main­te­nance ser­vices.

Com­mer­cial Bank, the sin­gle largest lender to the SME sec­tor in Sri Lanka, will be the bank­ing part­ner to is­sue this card. Apart from spe­cially de­signed dis­counts for SME card­hold­ers by the FCCISL, card­hold­ers will also be el­i­gi­ble for the year­round spe­cial pro­mo­tions of­fered to Com­mer­cial Bank debit card­hold­ers as well as of­fers by Mastercard.

Com­mer­cial Bank, the mar­ket leader in debit card point of sale us­age in Sri Lanka, has al­ready is­sued sec­tor-spe­cific cards for em­ploy­ees of the ap­parel sec­tor, for tea leaf sup­pli­ers and for re­cip­i­ents of remittances.

Set up in 1973, the FCCISL is the largest and most rep­re­sen­ta­tive apex busi­ness or­gan­i­sa­tion of Sri Lankan busi­ness. It is also the most widely spread busi­ness or­gan­i­sa­tion with mem­ber bod­ies from all districts and prov­inces of Sri Lanka.

As an um­brella or­ga­ni­za­tion of the pri­vate sec­tor, the FCCISL has been play­ing a key role in pro­mot­ing busi­ness and in­dus­try in the coun­try by pro­vid­ing the mem­ber bod­ies with a wide spec­trum of ser­vices rang­ing from ad­vi­sory, consultative, pro­mo­tional, in­for­ma­tion shar­ing and rep­re­sen­ta­tive ser­vices.

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