Financial institution of Ceylon (BOC), Sri Lanka’s largest and most trusted industrial financial institution, has taken one other vital step within the nation’s digital banking evolution with the launch of BOC Flex – Faucet & Pay, Sri Lanka’s first cellular banking pockets -based contactless fee answer.
Following the profitable introduction of its next-generation Web and Cellular Banking platform BOC Flex in March 2025, BOC continues to steer the transformation of Sri Lanka’s digital monetary panorama by delivering modern, customer-centric banking options. The launch of Faucet & Pay on 9 July 2026 marks one other milestone on this journey, enabling clients to make safe, seamless, and handy contactless funds instantly via BOC Flex.
The launch ceremony was graced by the Hon. Minister of Labour and the Deputy Minister of Finance, Hon. Minister of Digital Financial system, representatives of the Central Financial institution of Sri Lanka, representatives from Mastercard, along with the Chairman, Board of Administrators, Chief Government Officer, and the Financial institution’s Company and Government Administration, reflecting the nationwide significance of this landmark achievement in Sri Lanka’s digital banking panorama.
Faucet & Pay introduces a safe digital pockets built-in with digital card know-how, enabling clients to make quick, safe, and seamless contactless funds at NFC-enabled Level-of-Sale (POS) terminals in addition to on-line retailers instantly via the BOC Flex cellular banking app.
Chairman’s Assertion
Talking on the event, Mr. Kavinda de Zoysa, Chairman of Financial institution of Ceylon, stated:
“At Financial institution of Ceylon, we’re dedicated to shaping the way forward for banking by investing in Expertise that creates significant worth for our clients and the nation. The launch of Faucet & Pay answer displays our strategic imaginative and prescient of constructing a digitally empowered, buyer pleasant financially inclusive financial system. Because the nation’s main financial institution, we’ve got a accountability not solely to embrace rising applied sciences but in addition to steer Sri Lanka’s digital transformation by delivering quick , safe, handy and globally benchmarked monetary options. This milestone additional reinforces our dedication to supporting the Authorities’s Digital Financial system agenda whereas repeatedly enhancing the client expertise.”
CEO’s Assertion
Commenting on the launch, Mr. Y. A. Jayathilaka, Basic Supervisor/Chief Government Officer, stated:
“At Financial institution of Ceylon, we imagine innovation ought to make banking less complicated, safer and extra handy for each buyer. We’re proud to introduce Sri Lanka’s first cellular banking pockets -based Faucet & Pay answer, marking one other essential milestone within the nation’s banking trade. This innovation displays our continued dedication to delivering world-class digital banking experiences whereas supporting Sri Lanka’s transition in direction of a contemporary, cash-lite financial system.”
A Full Digital Cost Ecosystem
BOC Flex Pockets offers clients with a safe and handy platform to handle their digital funds. Prospects can switch funds from their BOC accounts to the pockets, make invoice funds, switch funds to BOC accounts, and settle excellent BOC bank card balances. The pockets additionally serves because the funding supply for the BOC Flex Digital Card, enabling safe contactless funds. The built-in Auto Prime-Up facility robotically transfers funds from a linked BOC account each time the pockets steadiness is inadequate, making certain uninterrupted fee experiences.
The BOC Flex Digital Card affords clients larger flexibility and enhanced safety by enabling contactless funds at NFC-enabled POS terminals and safe on-line purchases. Prospects can create and handle as much as three digital playing cards, immediately droop or reactivate playing cards via self-service performance, and seamlessly change funding sources each time required.
Supporting Sri Lanka’s Digital Financial system
The introduction of BOC Flex – Faucet & Pay aligns with Sri Lanka’s nationwide agenda of accelerating digital fee adoption and increasing entry to safe monetary companies. By enabling easy, dependable and cardless fee experiences, the answer promotes monetary inclusion whereas encouraging larger adoption of cashless transactions throughout the nation.
The Financial institution continues to serve clients via greater than 2,500 buyer touchpoints throughout Sri Lanka, together with branches, BOC Join shops, Digi Centres, ATMs, CRMs and CDMs, whereas sustaining a global presence in India, Maldives, Seychelles and the UK. BOC’s dedication to excellence has earned recognition among the many World’s Prime 500 Banking Manufacturers.
Internationally Recognised Digital Excellence
BOC’s digital management has acquired world recognition via the Digital CX Awards 2026 in Singapore, the place BOC Flex grew to become the primary Sri Lankan banking software to obtain such worldwide recognition, securing three prestigious awards for buyer expertise and digital banking excellence. These achievements construct upon the platform’s success on the Nationwide ICT Awards 2025, the Nationwide Mission Administration Excellence Awards and the LankaPay Technovation Awards, additional reinforcing BOC’s pioneering position in Sri Lanka’s digital banking transformation.
The launch of BOC Flex – Faucet & Pay marks one other milestone in Financial institution of Ceylon’s digital transformation journey, reaffirming its dedication to delivering modern, safe and customer-centric banking options whereas shaping the way forward for digital funds in Sri Lanka.
