DFCC Bank supports Colombo International Tea Convention

Upholding its commitment to the country’s business community, DFCC Bank has moved forward to support the Colombo International Tea Convention which was held from 8th to 11th August, as a strategic partner. 

Organized by the Colombo Tea Traders Association, the apex body for tea trade, this year’s convention marked 150 years of the Ceylon tea industry, and attracted over 100 foreign delegates, 500 plus local participants and high level dignitaries and government officials. 

By partnering such key events, DFCC Bank creates value and growth opportunities for customers in the Tea Industry.

Lakshman Silva – CEO (Designate), DFCC Bank said, “We are proud to partner this community at the Colombo International Tea Convention as a strategic partner. DFCC Bank has made a significant contribution to the growth of tea by extending financial solutions for development and modernization of tea factories as well as import and export financing, thereby supporting expansion and growth of the industry. 

Besides this, DFCC together with its subsidiary Synapsys, has introduced an innovative IT solution to streamline operations in the tea industry. DFCC offers the trade an automated payment solution through a fully-fledged integrated payment and settlement system developed by Synapsys and showcased and promoted the solution to potential customers in the tea trade at the event. DFCC has become a crucial partner for the exporter community in Sri Lanka and plays a pivotal role in elevating Sri Lanka’s export community to establish its footprint in the international arena by making finance accessible at critical points in our customers’ business cycle, we have encouraged the spirit of entrepreneurship to endure.” 

At the convention, DFCC Bank together with its IT subsidiary Synapsys presented its revolutionary supplier settlement system that supports Sri Lanka’s well-established community of private tea manufacturers and tea leaf suppliers. The system enables suppliers to have revenues from their sales managed by a bank and be transferred directly into their bank account.