NDB introduces first-ever Mobile App for SMEs – NEOS Biz
View(s):NDB has introduced yet another first in Sri Lanka, in the form of a new mobile banking platform titled NDB NEOSBiz, specially targeted at SME businesses.
NDB NEOSBiz is both an online as well as mobile application and the platform comes with a host of benefits for SMEs enabling them to manage their business transactions digitally. NDB NEOS Biz will be an essential tool for the management of financial transactions via a secure and simple system, and will be available to SME entrepreneurs across a wide range of sectors, the bank said in a media release.
NEOSBiz can be downloaded to any smart phone free of charge and enables an SME customer to register for the service and appoint individual users that will be able to use the mobile application for a number of transactions.
“The NEOSBiz Mobile Banking app will enable SMEs to register individual users who will be assigned limits and slabs, enabling them to perform permitted transactions. This enables the SME entrepreneur to have total control and visibility over all transactions that are carried out through the app. The app will allow users access to their accounts, cards, fixed deposits, loans and leases while allowing multiple users access. Additionally, in an effort to make payments and other transactions a smooth and convenient process, NEOSBiz will also contain features for Bulk salary transfers, Bulk fund transfers, manage all their suppliers, make bill payments and Merchant QR payments. Through this platform, merchants can easily make bulk payments to their vendors and pay their employees with ease,” it said.