The Commercial Bank of Ceylon has been adjudged the ‘The Best Engaging Overall Cards Base’ for the third consecutive year at the ‘Payment Partner Performance Awards 2022’ hosted by Daraz, South Asia’s largest ecommerce platform. The Bank was presented this prestigious award for supporting the Daraz platform by generating the highest number of transactions by both credit and debit card bases and the highest number of unique buyers’ engagements during the financial year 2021-22.
Commercial Bank is the only Sri Lankan bank to win this award for three years consecutively.The Bank said it has conducted 18 card promotions in collaboration with Daraz from January 2021 to date, encouraging large numbers of the Bank’s customers to engage with the online shopping platform, thereby generating the highest payment volume for the year of assessment for the latest award. These year-long promotions are designed by the Bank to provide the best benefits to its card customers and to foster loyal relationships with its partner merchants.
Notably, Commercial Bank cards generated the highest sales volumes for Daraz during most of its online promotions in 2021-22, including at ‘Daraz 11.11’ and ‘Daraz 12.12’ that were positioned as Sri Lanka’s biggest online shopping festivals.
Commenting on this latest award, the Chief Manager of Commercial Bank’s Card Centre Mr Nishantha de Silva said: “Platforms like Daraz not only represent the present and the future of eCommerce, they complement Commercial Bank’s own efforts to popularise the use of digital and web-based banking to the masses. We are delighted with the steadily increasing volumes we are generating for Daraz and look forward to collaborating innovatively with the Daraz platform in the future as well.”
The Commercial Bank of Ceylon has been the Internet Payment (IPG) service provider to Daraz from 2018. The two organisations have been working together to offer diversified and unique offers to customers with a view of offering them attractive value additions. Commercial Bank cardholders can enjoy periodic discounts at Daraz with the offers structured by the Bank, and the convenience of Easy Payment Plans of up to 60 months.
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