Commercial Bank of Ceylon Launches a Digital Marketplace to Help Sri Lanka’s Small Businesses

To expand the reach of small and medium enterprises (SMEs), including women-owned small businesses, the International Finance Corporation (IFC) is supporting the Commercial Bank of Ceylon (CBC) launch a digital marketplace in Sri Lanka, helping business owners connect with more customers locally and abroad.

Named Commercial Bank LEAP, this one-of-its-kind initiative, which is supported under the Women in Work partnership between IFC and the government of Australia, will open new market opportunities and build business connections all SMEs including women-owned SMEs, corporate and businesses creating an international marketplace to buy and sell products and raw materials. The platform will also assist businesses to digitize their core banking activities, provide business intelligence and will feature multiple sales channels. It will also provide access to CBC's banking services including loan products, non-financial services and insurance.