The Commercial Bank of Ceylon has been honoured with the award for ‘Best Cross Border Salience – Large & Mid Market’ at the Visa Commercial Solutions Excellence Awards 2025, presented during the recent Visa Leadership Conclave in Colombo.
This annual awards programme recognises outstanding performance across Visa’s commercial payments ecosystem that enables businesses in Sri Lanka with the power of digital payments. Commercial Bank secured the top award for cross border excellence, in acknowledgement of the Bank’s leadership in helping Sri Lankan enterprises transact seamlessly and securely on the global stage.
Over the past year, Commercial Bank has accelerated the rollout of advanced commercial card solutions that deliver real time FX visibility, dynamic spending controls and automated reconciliation for the Bank’s business consumers. These features have fueled double digit growth in outbound and inbound Visa transactions among large and mid-market customers, while reinforcing the Bank’s stringent standards in security and risk management.
Accepting the award, Commercial Bank’s Assistant General Manager – Personal Banking and Retail Products Mr Kapila Liyanage said: “This recognition underscores the success of our strategy to empower Sri Lanka’s large and mid-market clients with cutting edge, cross border payment capabilities. By combining Visa’s global network with our own robust digital infrastructure, we enable businesses to operate confidently across borders—supporting their growth and, importantly, the nation’s economic ambitions. We thank Visa for this honour and our customers for their unwavering trust.”
Congratulating the Bank, Visa’s Country Manager for Sri Lanka & Maldives Ms Avanthi Colombage noted: “Commercial Bank’s commitment to innovation and client centricity exemplifies what the Visa Commercial Solutions Excellence Awards stand for. Their success in cross border salience demonstrates how strategic partnerships and technology can unlock new opportunities for Sri Lankan businesses. Visa is delighted to continue deepening this partnership with Commercial Bank with our shared vision of digitizing payments for large and small businesses in the country.”
This latest accolade adds to Commercial Bank’s rapidly growing collection of industry honours and further cements its position as the market leader in delivering world-class, secure and convenient payment solutions for corporates of every scale.
In 2024, Visa honoured Commercial Bank for ‘Excellence in Launch of Affluent and Mass Corporate Card Variants’ at the Visa Commercial Solutions Client Forum in Colombo, in recognition of the Bank’s commitment to the introduction of Visa’s Corporate Card series in the local market.
Commercial Bank cards are the market leader in Sri Lanka. The Bank offers global credit card brands in the Silver, Gold and Platinum tiers and a variety of cards in the premium segment. The cards are equipped with Tap and Pay NFC technology and are backed by a strong contactless Point-of-Sale (POS) network. ComBank Cards offer an exciting array of promotions and offers across all categories and also offer the Max Loyalty Rewards scheme for selected card categories covering both credit and debit cards.
Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalisation in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest private sector lender, the largest lender to the SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, and a Microfinance company in Myanmar. The Bank recently received approval from Dubai Financial Services Authority to establish a representative office within the Dubai International Financial Centre (DIFC) and is the first Bank in Sri Lanka to achieve this milestone, making a significant step towards broadening its global footprint. The Bank’s fully-owned subsidiary CBC Finance Ltd., also delivers a range of financial services via its own branch network.
Photo caption:
Commercial Bank Assistant General Manager – Personal Banking & Retail Products Mr Kapila Liyanage receives the award from Visa Country Manager for Sri Lanka & Maldives Ms Avanthi Colmbage in the presence of the Bank’s Senior Manager – Merchant Solutions and Partnerships, Mr Kalinga Divaratne, Visa’s Head of Commercial Money Movement Solutions – South Asia Ms Shruti Gupta, the Bank’s Head of Card Centre Mr Nishantha De Silva and Chief Manager – Card Centre Mr Seevali Wickramasinghe.
