On 15th November 2029, a significant business meeting took place between National Exchange Company SRL, Italy, and Sampath Bank, Sri Lanka. Held at the head office of National Exchange Company in Rome, the event marks an important step toward strengthening the financial partnership between the two institutions, with a specific focus on improving the remittance flow from Italy to Sri Lanka.
A Strategic Move in the Remittance Sector
In today’s fast-evolving financial ecosystem, remittance plays a crucial role in supporting families, fueling economies, and fostering global economic ties. Italy is home to a large Sri Lankan expatriate population, and ensuring a smooth, secure, and efficient money transfer system is essential. The collaboration between National Exchange Company SRL and Sampath Bank aims to address that need.
The business meeting focused on streamlining the remittance process from Italy to Sri Lanka, improving service delivery, and expanding customer outreach. With both organizations bringing deep industry experience, the meeting laid the groundwork for a stronger, more integrated remittance infrastructure.
Leadership and Representation
The meeting was led by National Exchange Company Chairman, Mohammed Idrish Farazy, a visionary leader recognized for his dedication to enhancing financial accessibility for expatriate communities. His leadership and insights helped guide the discussion toward actionable outcomes.
Representing Sampath Bank, the esteemed Mr. Rajendra Ranasinghe, Assistant General Manager of Inward Remittance/KPO/BNO, attended the meeting along with his team. His in-depth expertise in remittance operations and strategic planning played a key role in the productive dialogue between the two institutions.
On behalf of National Exchange Company SRL, the following executives participated:
- Md. Iqbal Hasan – General Manager
- Chamith Weerawarna – Marketing Manager (Sri Lanka segment)
- Other key members of the head office team
Their combined experience in operations, marketing, and financial services ensured that all aspects of the collaboration were addressed comprehensively.
Key Highlights of the Meeting
The core agenda of the meeting was to evaluate existing remittance workflows and explore innovative ways to:
- Enhance transaction speed and reliability
- Improve user experience for Sri Lankan expats in Italy
- Ensure regulatory compliance and data security
- Promote joint marketing initiatives to raise awareness of the partnership
The discussion also included digital transformation in remittance services, the importance of transparency and compliance, and the shared goal of delivering superior customer satisfaction through seamless service delivery.
Both parties expressed mutual commitment to:
- Strengthening the partnership through technology and innovation
- Facilitating faster money transfers with competitive exchange rates
- Supporting Sri Lankan workers in Italy with tailored financial solutions
- Launching joint campaigns to build trust and brand visibility
Why This Collaboration Matters
1. For Sri Lankan Expatriates in Italy
This collaboration aims to create a safer and faster remittance experience. With Sampath Bank’s robust infrastructure in Sri Lanka and National Exchange’s reach across Italy, users will benefit from reliable service, instant deposit, and accessible customer support.
2. For the Remittance Industry
This partnership sets a benchmark for cross-border cooperation, showing how two financial institutions from different countries can align their visions and resources to provide better service.
3. For Economic Development
Remittances are a vital component of Sri Lanka’s economy. Facilitating smoother and increased remittance inflow will have a direct positive impact on economic stability and household well-being in Sri Lanka.
National Exchange Company SRL: Committed to Excellence
Founded with the mission to serve expatriate communities, National Exchange Company SRL has grown to become a trusted name in the money transfer industry in Italy. With a strong focus on customer service, compliance, and innovation, the company continues to bridge financial gaps between countries.
Their service is characterized by:
- Competitive exchange rates
- Fast and secure transactions
- Transparent processes
- Excellent customer support in multiple languages
By partnering with leading banks like Sampath, National Exchange Company ensures greater access and convenience for its customers.
Sampath Bank: A Leader in Sri Lanka’s Banking Sector
Sampath Bank, one of Sri Lanka’s most prominent private banks, brings decades of banking excellence to the partnership. With an extensive branch network, robust technology platforms, and a customer-first approach, Sampath Bank is ideally positioned to handle high volumes of inward remittances.
Their key strengths include:
- Speedy crediting of funds to beneficiaries
- SMS and email alerts for transfers
- Excellent customer service for remittance-related queries
- Integration with digital wallets and mobile banking
This partnership with National Exchange aligns with Sampath’s ongoing commitment to enhancing access to global financial services for Sri Lankan citizens.
Future Outlook
Following the success of the Rome meeting, both organizations have agreed to deepen their collaboration through joint strategic initiatives. These include:
- Launching targeted marketing campaigns in areas with a large Sri Lankan population in Italy
- Developing digital platforms for seamless remittance tracking
- Hosting community engagement events to build trust and awareness
- Exploring new financial products tailored for expatriates and their families
The ultimate goal is to deliver a frictionless remittance experience backed by speed, transparency, and security.
Final Thoughts
The strategic meeting held on 15th November 2029 between National Exchange Company SRL and Sampath Bank represents more than just a business partnership—it reflects a shared commitment to empowering people, connecting families, and building a better financial future.
As both institutions continue to work together, customers can look forward to faster service, better rates, and greater peace of mind when sending money from Italy to Sri Lanka. This partnership sets a strong example for international financial cooperation, especially in the field of cross-border remittances.
Stay tuned for further updates as National Exchange Company and Sampath Bank bring innovations and customer-focused solutions to the remittance landscape.