📈 Pan Asia Bank Launches 'Remit Max' to Boost Formal Inward Remittances

Pan Asia Bank has officially launched its new ‘Remit Max’ product suite, aimed at strengthening Sri Lanka’s formal inward remittance ecosystem and supporting migrant workers throughout their financial lifecycle. • Overall Strategy: The initiative focuses on bringing migrant worker earnings into the formal banking system, enhancing national foreign exchange inflows, and supporting financial inclusion for remittance earners and their families. • Product Breakdown: Remit Max Savings Account: Designed for migrant workers and beneficiaries to encourage formal inward remittances and promote disciplined savings habits with exclusive value-added benefits. Remit Max Pre-Departure Loan Facility: A dedicated financing solution to ease the financial burden of pre-departure expenses, including agency fees, visa processing, documentation, and travel costs. • Regional Focus & Collaboration: Launched in Kurunegala in collaboration with the Sri Lanka Bureau of Foreign Employment (SLBFE) and leading licensed Foreign Employment Agencies from the Kurunegala and Dambulla regions.