FriMi, the first fully-fledged digital bank in Sri Lanka powered by Nations Trust Bank PLC, recently marked five years of revolutionizing the Fintech industry in Sri Lanka.
The mobile wallet and payments platform wrapped up in one lifestyle app and packed with a multitude of innovative features to make life effortless – is set to celebrate their anniversary by rewarding customers through exciting promotions and activities throughout the month of July.
Offering ultimate convenience, FriMi allows customers to perform various tasks from making payments to moving money to saving money and even opening a bank account, 100% digitally via the app. Cashless payments include LANKAQR, Remote payments, Bill & Credit Card payments, Physical and Virtual Debit Cards, whereas Send Money, Cash Tokens and Fund Transfer options help move money seamlessly. The app also promotes saving in a meaningful and effortless way through features such as Saving Pots, Round Up Savings, Bucketlist and Digital Fixed Deposits – most of them being first of its kind in Sri Lanka.
Nations Trust Bank Director and CEO of Hemantha Gunetilleke commented, “This 5-year milestone is an achievement for both FriMi and the Bank as it is a true testament of our continued efforts to reimagine banking in the digital world. Disrupting the banking industry since 2017, FriMi has not only evolved with pioneering products and services but has also played an important role in championing and enabling contactless payments across the country. We’re proud to have been a part of various national-level initiatives such as the implementation of the digital KYC process with the Department of Registered Persons and the enablement of LANKAQR payments at all the Expressway toll pay points and we will remain committed to uplifting Sri Lanka towards a digital forward economy.”
The FriMi app has been internationally recognized by The Asian Banker as one of the ‘Top 30 Best Digital Financial Services Providers in the Asia Pacific, Middle East, and Africa’ and by the International Business Magazine Awards 2021 as the ‘Most Innovative Contactless Payments Application in Sri Lanka’.
“As the first lifestyle and digital banking experience in Sri Lanka, FriMi has been encouraging the behaviour of contactless payments and providing a range of unique services that go beyond banking, creating true value for the customer,” said Randil Boteju, Senior Vice President, Acquisition & Digital Banking of Nations Trust Bank.