MMBL’s business volume increases
2 years ago
MMBL Money Transfer increased their volume of business by 22% notwithstanding the Covid-19 pandemic in the country. The company contributed to the national economy by bringing in over $ 200 million as workers remittances. The increase in turnover was made possible by introducing new financial products during the year, which included MoneyGram and Ria, in addition to Western Union Money Transfer. The company has plans to expand its business by introducing new financial products, which will help in curtailing money laundering. MMBL Money Transfer is providing money transfer services under the brand name MMBL Money Master with its nationwide network of over 2,000 outlets. The network comprises of banks, non-banking financial institutions, co-operative rural banks, corporates, and retail outlets including agency post offices. Therefore, MMBL Money Master has the unique advantage of offering a 365-day operation with extended service hours, which exceeds normal banking hours. MMBL Money Transfer (Pvt.) Ltd. is a joint venture between Aitken Spence PLC and MMBL-Pathfinder. The company is a primary representative in Sri Lanka for Western Union Financial Services Inc. of the US since 1995.