People’s Bank empowers Royalists with Self Service School Banking Unit

February 26, 2020
People’s Bank Chairman Sujeewa Rajapakse opening the school banking unit People’s Bank Chairman Sujeewa Rajapakse opening the school banking unit

Inscribing another milestone in the history of People’s Bank Digital transformation Journey, a new self service school banking unit with NFC-enabled Cash Deposit Machine (CDM) was inaugurated at Royal College, Colombo on 26th February 2020. The inauguration ceremony was held at school premises with the participation of Sujeewa Rajapakse -Chairman, People’s Bank,  Rasitha Gunawardane - CEO/General Manager, People’s Bank, B.A.Abeyrathne – Principal, Royal College, M.V.S Gunathilaka- Senior Deputy Principal, People’s Bank Corporate and Executive Management, Officials of Royal College Union & School Development Society.

The main objective of introducing novel this initiative is to allow school children to have digital experiences and inculcate the habit of savings at very young age. As at today , People’s Bank is the only bank in the country with this digital technology and capacity to deploy self service school banking units at schools. This School Cash Deposit Machine has the latest technological features including, Bio metric scanning (Finger Print scanning), NFC technology (Near Feel Communication) and other options. Also all the students are provided with the NFC technology enabled Card that displays their name, photograph and student ID number which can be used to deposit money. This CDM accept notes and coins as deposits. Students can deposit small amount of money in to their SISU Udana Account at their convenience time whenever they save from their pocket money. 

Addressing the gathering Sujeewa Rajapakse, Chairman, People’s Bank mentioned that “People’s Bank is very proud to offer this valuable gift to all the Royalists today , which will help to engage with latest digital technology at school age & invited all students to get maximum benefit out of this school banking unit and save as much as possible.

 

A student receiving cash deposit receipt from CDM

 

People’s Bank Chairman Sujeewa Rajapakse handing over a gift to student who made the first deposit
People’s Bank Chairman Sujeewa Rajapakse handing over a gift to student who made the first deposit


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