Collectmate
According to the Central Bank of Sri Lanka, Sri Lankans defaulted over 22 billion in credit card payments in 2022 with over 200,000 credit cards having arrears of over 90 days.
With the rise in default loans, it is becoming a major challenge for banks and financial institutions to manage the recovery process efficiently.
An automated collections and recoveries solution could streamline the entire operation and provide the necessary tools to optimize the available resources and carry out the tasks conveniently and efficiently.
