People’s Bank empowers Royalists with self-service school banking unit
Inscribing another milestone in the history of People’s Bank digital transformation journey, a new selfservice school banking unit with Near Feel Communication (Nfc)enabled cash deposit machine (CDM) was inaugurated yesterday at Royal College, Colombo.
The inauguration ceremony was held at school premises with the participation of People’s Bank Chairman Sujeewa Rajapakse, People’s Bank Ceo/general Manager Rasitha Gunawardane, Royal College Principal B.A. Abeyrathne, People’s Bank Senior Deputy Principal M.V.S. Gunathilaka, corporate and executive management, officials of Royal College Union and School Development Society.
The main objective of introducing this initiative is to allow schoolchildren to have digital experiences and inculcate the habit of savings at very young age. As at today, People’s Bank is the only bank in the country with this digital technology and capacity to deploy self-service school banking units at schools.
This school CDM has the latest technological features including, biometric scanning (finger print scanning), NFC technology and other options. Also all the students are provided with the NFC technology-enabled card that displays their name, photograph and student ID number, which can be used to deposit money.
This CDM accept notes and coins as deposits. Students can deposit small amounts of money into their SISU Udana account at their convenience time whenever they save from their pocket money.
Addressing the gathering Rajapakse mentioned the People’s Bank is very proud to offer this valuable gift to all the Royalists, which will help to engage with the latest digital technology at school age and invited all students to get the maximum benefit out of this school banking unit and save as much as possible.