BOC INTRODUCES SRI LANKA’S FIRST MOBILE BANKING WALLET -BASED TAP & PAY SOLUTION
Bank of Ceylon (BOC), Sri Lanka’s largest and most trusted commercial bank, has taken another significant step in the country’s digital banking evolution with the launch of BOC Flex – Tap & Pay, Sri Lanka’s first mobile banking wallet -based contactless payment solution.
Following the successful introduction of its next-generation Internet and Mobile Banking platform BOC Flex in March 2025, BOC continues to lead the transformation of Sri Lanka’s digital financial landscape by delivering innovative, customer-centric banking solutions. The launch of Tap & Pay on 9 July 2026 marks another milestone in this journey, enabling customers to make secure, seamless, and convenient contactless payments directly through BOC Flex.
The launch ceremony was graced by the Hon. Minister of Labour and the Deputy Minister of Finance, Hon. Minister of Digital Economy, representatives of the Central Bank of Sri Lanka, representatives from Mastercard, together with the Chairman, Board of Directors, Chief Executive Officer, and the Bank’s Corporate and Executive Management, reflecting the national significance of this landmark achievement in Sri Lanka’s digital banking landscape.
Tap & Pay introduces a secure digital wallet integrated with virtual card technology, enabling customers to make fast, secure, and seamless contactless payments at NFC-enabled Point-of-Sale (POS) terminals as well as online merchants directly through the BOC Flex mobile banking app.
Chairman’s Statement
Speaking on the occasion, Mr. Kavinda De Zoysa, Chairman of Bank of Ceylon, said:
“At Bank of Ceylon, we are committed to shaping the future of banking by investing in Technology that creates meaningful value for our customers and the nation. The launch of Tap & Pay solution reflects our strategic vision of building a digitally empowered, customer friendly financially inclusive economy. As the country’s leading bank, we have a responsibility not only to embrace emerging technologies but also to lead Sri Lanka’s digital transformation by delivering fast , secure, convenient and globally benchmarked financial solutions. This milestone further reinforces our commitment to supporting the Government’s Digital Economy agenda while continuously enhancing the customer experience.”
CEO’s Statement
Commenting on the launch, Mr. Y. A. Jayathilaka, General Manager/Chief Executive Officer, said:
“At Bank of Ceylon, we believe innovation should make banking simpler, safer and more convenient for every customer. We are proud to introduce Sri Lanka’s first mobile banking wallet -based Tap & Pay solution, marking another important milestone in the country’s banking industry. This innovation reflects our continued commitment to delivering world-class digital banking experiences while supporting Sri Lanka’s transition towards a modern, cash-lite economy.”
A Complete Digital Payment Ecosystem
BOC Flex Wallet provides customers with a secure and convenient platform to manage their digital finances. Customers can transfer funds from their BOC accounts to the wallet, make bill payments, transfer funds to BOC accounts, and settle outstanding BOC credit card balances. The wallet also serves as the funding source for the BOC Flex Virtual Card, enabling secure contactless payments. The built-in Auto Top-Up facility automatically transfers funds from a linked BOC account whenever the wallet balance is insufficient, ensuring uninterrupted payment experiences.
The BOC Flex Virtual Card offers customers greater flexibility and enhanced security by enabling contactless payments at NFC-enabled POS terminals and secure online purchases. Customers can create and manage up to three virtual cards, instantly suspend or reactivate cards through self-service functionality, and seamlessly switch funding sources whenever required.
Supporting Sri Lanka’s Digital Economy
The introduction of BOC Flex – Tap & Pay aligns with Sri Lanka’s national agenda of accelerating digital payment adoption and expanding access to secure financial services. By enabling simple, reliable and cardless payment experiences, the solution promotes financial inclusion while encouraging greater adoption of cashless transactions across the country.
The Bank continues to serve customers through more than 2,500 customer touchpoints across Sri Lanka, including branches, BOC Connect outlets, Digi Centres, ATMs, CRMs and CDMs, while maintaining an international presence in India, Maldives, Seychelles and the United Kingdom. BOC’s commitment to excellence has earned recognition among the World’s Top 500 Banking Brands.
Internationally Recognised Digital Excellence
BOC’s digital leadership has received global recognition through the Digital CX Awards 2026 in Singapore, where BOC Flex became the first Sri Lankan banking application to receive such international recognition, securing three prestigious awards for customer experience and digital banking excellence. These achievements build upon the platform’s success at the National ICT Awards 2025, the National Project Management Excellence Awards and the LankaPay Technovation Awards, further reinforcing BOC’s pioneering role in Sri Lanka’s digital banking transformation.
The launch of BOC Flex – Tap & Pay marks another milestone in Bank of Ceylon’s digital transformation journey, reaffirming its commitment to delivering innovative, secure and customer-centric banking solutions while shaping the future of digital payments in Sri Lanka.
