Commercial Bank signed a Memorandum of Understanding (MoU) with BellVantage (a subsidiary of Melstacorp PLC, one of Sri Lanka’s premier conglomerates, managing a broad portfolio of businesses) to jointly provide the Bank’s business owners with the sme.lk platform, enabling them to efficiently market and sell their products to the end consumers, as well as wholesale buyers, without an intermediary between the seller and the buyer.
sme.lk is the only Sri Lankan platform to partner with a Sri Lankan Bank and together they provide sellers with an online hopping store, offering free registration, and requiring no monthly fees. This covers an unlimited number of products and is valid for a lifetime. The platform provides a cost-effective and efficient means of marketing, order management, supply chain establishment, payment reconciliation, etc.
sme.lk facilitates trading for clients, producers, manufacturers, whole-sellers, and SME owners of Commercial Bank to sell their products from their home town, district and across the island.
sme.lk plans to expand the business in the future, giving Sri Lankan expatriates and overseas buyers access to Sri Lankan products which help boost the Sri Lankan economy through exports, bringing in much needed foreign exchange revenue into Sri Lanka.