Central Bank joins hands with Foreign Employment Bureau to promote LankaRemit mobile application

With the aim of popularizing the LankaRemit National Remittance Mobile Application among migrant workers, the Central Bank of Sri Lanka (CBSL) and the Sri Lanka Bureau of Foreign Employment (SLBFE) held a ceremony on 26 August 2022 at SLBFE to demonstrate its features. LankaRemit provides Sri Lankan expatriates with access to a fast, secure and more convenient remittance channel to send money to Sri Lanka.

CBSL in collaboration with LankaClear (Private) Limited (LCPL) implemented the “LankaRemit” mobile application with the launching of the first phase in February 2022. CBSL is in the process of creating awareness of “LankaRemit” locally and internationally with the support of stakeholders such as the Ministry of Foreign Affairs, Ministry of Labour and Foreign Employment and the SLBFE.

LankaRemit enables users to make fund transfers to beneficiaries in Sri Lanka and to make utility bill payments using Electronic Fund Transfer Cards issued overseas. LankaRemit also offers a number of value-added services to its users such as the ability to locate nearby money transfer operators and find relevant details of such locations. Further, after the remittance is made via money transfer operators abroad, the user can track each remittance made to beneficiaries in Sri Lanka via the App using a tracking number. If there are any future benefit schemes introduced for the remitters by the Sri Lankan government or respective authorities, such benefit schemes would also be available in the LankaRemit App.