BOC Smatypay Unionpay

Bank of Ceylon (BOC) has partnered with UnionPay International (UPI) to offer UnionPay QR code payment service in Sri Lanka. UnionPay is the first global card scheme to partner with BOC to enable QR code payment service in Sri Lanka, BOC announced.

With this collaboration, Bank’s merchants with LANKAQR QR will also accept UnionPay QRC, enabling UnionPay App holders to make QR payments in Sri Lanka. Anyone, who has a wallet with UnionPay QRC enablement can scan the Bank of Ceylon QR code at merchant locations and pay for goods and services.

“As the largest Bank in Sri Lanka, we are proud to join with the global card Scheme, UnionPay for introducing QR Code payments enabling all BOC SmartPay QR merchants to accept payments from any tourist or foreigner with UnionPay enabled QR App. With this new facility, SmartPay App will be more popular among our merchants and the leading position secured by us in QR Transactions in Sri Lanka will be improved further. So, this would be a good opportunity for both BOC and UPI to improve their business turnover and market share and enhance the digital footprint in Sri Lanka’’ stated the General Manager, Bank of Ceylon, Mr. K E D Sumanasiri at the launching ceremony held in par with the bank’s  82nd Anniversary.

“We are honoured to partner with Bank of Ceylon to enable UnionPay QRC payment service in Sri Lanka. Any customer who has the capability of using UnionPay QRC will be able to perform transactions more easily and conveniently to merchants who accept QRC payments in Sri Lanka. This fully reflects UPI’s support for local supervision and is believed to be conducive to Sri Lanka's economic recovery after the COVID-19 pandemic. We are very keen to further expand the relationship with BOC in the near future to enhance the payment industry in Sri Lanka” said Michelle Shao, General Manager of UPI HK Branch, joining the event virtually from Hong Kong.

The UnionPay QRC is generated in conformity with EMVco standards and in accordance with guidelines provided by UnionPay. Hence it ensures interoperability and customers in mainland China can also use this QRC in addition to UnionPay customers in other countries and regions around the world.

Leading the Sri Lankan Banking industry with 82 years experience, Bank of Ceylon has become the most stable and the trusted bank in the country that serves Sri Lankans from all walks of life helping them to build their lives and making themselves financially stable whilst uplifting the country’s economy. Lanka QR Payments introduced through SmartPay App has enriched the digital payment ecosystem across the country with approximately 400,000 users and over 50,000 merchants and has created positive reinforcement on the customer perception towards digital banking due to the self registration, user friendliness and fast and simple payment process. In addition to SmartPay, BOC has an array of digital banking solutions under its wings to facilitate its customers such as SMART Online Banking and Mobile Banking (B App), e-commerce enabled debit cards, BOC Connect (Agent Banking), Branch on Wheels (Mobile Branches), Smart Zones, BOC Digi (digital branches), Smart Passbook (e-passbook), SmartGen accounts (a digital account which does not require any paperwork to maintain), Apply online (for accounts opening and personal/housing loan requests) and also internet payment gateway.

UPI is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2,400 institutions worldwide, UPI has enabled card acceptance in 180 countries and regions with issuance in 70 countries. UPI provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base, and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

Photo Caption:

Mr K E D Sumanasiri -General Manager Bank of Ceylon and Mr Crispin Wijesekera -Country Manager-UnionPay International Sri Lanka & Maldives holding the symbolic Union Pay Cup Card. (Left to Right) Ms K P Mallika –AGM Digital Products Promotion, Mr Haritha Rajapakse- Assistant General Manager –IT, Mr Eranga Bandara- Assistant General Manager -Electronic Banking Centre, Mr Y A Jayathilake-Deputy General Manager-Product & Banking Development, Mr Benzy Fernando-Head of Products & Business Development-UnionPay International, Sri Lanka & Maldives, Mr Arouf Amanath Samoon-Head of Marketing-UnionPay International Sri Lanka & Maldives, Mr Hasitha Amarasekara-Chief Manager-Digital Products Promotion, Ms Thanuja Perera -Chief Manager – IT.




Surpassing the traditional benefits regular customers have availed themselves of BOC introduced its Smart Salary Saver product with a series of novel features and digital value additions to salaried employees and professionals. 

Offered to permanent employees across government, semi-government, and private sector institutions, BOC’s specialized account is set to offer unmatched value to a wide range of employees and professionals with its one-of-a-kind product features. The offer is ready for those employees with a remittance of a proven monthly take home salary of LKR 25,000 minimum. 

The Initial deposit is LKR 2,000/-. However, there is no monthly fee or service charge thereafter. One of the main benefits includes an instant salary advance of up to 90% of your monthly take home salary, investment of additional funds daily in a Fund Management account with a return, retaining a balance of Rs.10,000/- in your Smart Salary Saver account for day to day expenses. (Conditions apply)

A BOC customer with a Smart Salary Saver account can enjoy the salary advance facility, after his or her salary is credited to the account for 3 consecutive months. The salary advance is offered for 6 months during which the repayment is made through monthly salary remittance on a revolving basis.

The Smart Salary Saver account has the access for equally attractive range of digital features such as ‘B App’ mobile banking facility, BOC SMART Online Banking and SMART Pay- QR based payment App bundled to the offer as essential to ensuring career progress by enabling convenience across various aspects of life.  

Account holders are offered NFC-enabled electronic card, allowing customers to carry out e-commerce and other digital transactions with ease. 

The use of the Smart Salary Saver account also carries benefits such as SMS alerts plus E-statements, to keep track of finances digitally on the go. Its functionality is augmented through the offering of BOC’s Smart Passbook, an innovation which offers the benefit of a traditional passbook or current account statement, in digital form. It allows customers to view account balances and remain abreast of transactions. 

BOC’s Smart Salary Saver product, a fresh offering with a range of professional-specific digital features, is geared to provide conveniences to customers, ensuring quick, simple, and accurate fund management, payment ability, plus transaction tracking. The product, therein, will create considerable opportunity to advance oneself professionally and enable career growth.  

Being the hallmark for trust and the stability in the Sri Lankan banking and finance industry, Bank of Ceylon has passed exceptional milestones in its 82 year long journey. The Brand Finance Lanka has recognized the brand “BOC” as the No.1 Banking Brand in the country for the 13th consecutive year. It has reported the highest profit in the industry for the year 2020 of LKR 23.6 billion (PBT) and currently maintains the strongest balance sheet in the industry with over Rs. 3 Trillion Asset base, Rs.2.5 Trillion Deposit base and Rs.2 Trillion Loans and Advances. Being a state sector institution, BOC has clearly become a role model as a responsible Corporate Citizen in Sri Lanka.

Bank of Ceylon is poised, geared and rearing to bring the world of banking to the top of its customer’s palms as it prepares to launch the new palmtop agent banking solution “BOC Connect”.
This was ceremonially launched on 09th August 2021, at Gomarankadawala and Mahadivulweva with the participation of the Bank’s Chairman Mr Kanchana Rathwaththe, General Manager Mr. D P K Gunasekara and members of the Corporate and Executive Management.

With the theme of connecting the City with the Village, bringing the benefit of digitalization to the rural community, BOC Connect is expected to be used as a tool that promotes branchless banking in the country by appointing agents to perform financial transactions using Points of Sale (POS) devices. Authorized agents are appointed to cover all provinces of the nation – and these agents are tasked with the responsibility of facilitating cash deposits, cash withdrawals, fund transfers, bill payments, mobile top-ups, and many other payments. BOC Connect will set an example to financial industry of Sri Lanka since it has been approved by the CBSL which aligned with Digital Banking Roadmap of Sri Lanka and supports financial inclusion of the country.

The Bank of Ceylon’s digital journey has passed many milestones by introducing many breakthrough digital and innovative solutions such as BOC SMART Online Banking, the “B” app which employs advance encryption technologies that enable a safe and secure avenue for mobile banking, BOC Smart Passbook which enables customers to view their transactions and balances online, the SmartPay app that enables QR and other payments, SmartGen digital accounts which doesn’t require any paperwork to maintain, BOC DIGI the bank branches for young generation, Branch on Wheels the mobile branches, Apply Online facility for accounts opening and loan requests, and a sophisticated internet payment gateway (IPG) to integrate with merchant websites. Customers can remain certain that many other such innovative solutions are in the pipeline.

Further, when the country is under lockdown or travel restrictions due to COVID-19, this kind of services will be of great assistance to the people throughout the country to obtain day-to-day financial services at their doorstep and at their convenience.

BOC understands that financial inclusivity can be further improved if individual’s saving habits can be improved without having going through the hassle of visiting banks directly. This attempt will further enhance the financial inclusivity of the country with special reference to the rural community.

Veteran banker Mr. K.E. D Sumanasiri assumed duties as the General Manager of Bank of Ceylon, commencing from 16th August 2021. Mr. Sumanasiri assumed duties as the 22nd General Manager of the Bank of Ceylon at the 29th floor, General Manager’s office at the Bank’s Head Office with the presence of the Bank’s Chairman Mr. Kanchana Ratwatte and few other key officials of the Bank.

Bank of Ceylon (BOC) as a part of its commemoration of 82nd anniversary reopened its Matara Super Grade branch at its own premises by the Bank’s General Manager Mr. D.P.K. Gunasekera, Senior Deputy General Manager Mr. K.E.D. Sumanasiri, DGM Sales and Channel Management Mr. Priyal Silva and Chief Legal Officer Mr. Badra Kalyanapriya Gurusinghe. Assistant General Manager Mr.K.A.A. Karunaratne, Operations Manager Mrs. Champika Hewamana and the Branch Manager Mrs Subashini Hewavithanage and staff of the branch officiated the event. The modernized four story BOC complex houses the Matara Super Grade anniversary branch, province office and RLC, a modern auditorium, and staff quarters. A green concept building has a parking lot in front and in the basement.

Matara is a busy, thriving, and expansive commercial town, which is a fascinating window on modern Sri Lankan life saw its first Bank of Ceylon branch on 5th October 1955. A town located in southern coast of Sri Lanka at the mouth of the sparkling and green ‘Nilwala’ river is enveloped by the busy modern commercial status of a millennium city. Historically an important commercial cluster which dates to Portuguese and Dutch period is domiciled by a diverse cross section of the population. The cosmopolitan city offers many business opportunities to be grabbed by industrialists.

The 4 storied BOC complex is designed to provide convenience to all stake holders. The ground floor would house Matara Super Grade anniversary branch, 1st floor is to locate the province office and RLC, 2nd floor houses an auditorium and the 3rd staff quarters. Location with the green building concept also has a convenient parking facility in front of the premises and at the basement.

Serving the stake holders with commitment has been bank’s hall mark and this is vividly evident by the performance of the Matara Super Grade branch over six decades of its operation. As Matara is a city that houses a diverse population bank fit into the milieu precisely and delights its stakeholders by providing exemplary banking services over the years.


Deputy General Manager Sales and Channel Management Mr.Priyal Silva commenting on the new anniversary branch opening said “this is a very happy occasion people of the city and the other stake holders of the area. They consider this an honour bestowed upon them for the unconditional trust and the confidence they placed upon the bank. Public appreciate the bank and its services in a higher pedestal and believe bank as a close family member of theirs who is there to support them in good as well as bad times, we are confident the branch is more inspired and view this occasion with much enthusiasm.” he concluded.

Assistant General Manager Southern Province Mr. K.A.A. Karunaratne commenting said “public and the Matara branch members of BOC are elated in this occasion as this could be a once in a lifetime gratitude a financial institute could offer to its stakeholders. Diverse public ranging from farmers, fishing folk, public and private sector workers and of the area has placed their trust on the bank over six decades and this new outlook with the modern facilities such as smart banking facilities would fit the branch to new millennia. Super Grade branch of Matara with the new boost is sure to excel in its performance in serving the public. AGM shed confidence “with the new export encouragement initiative of the bank is sure to take momentum in Matara branch as well.”

The super grade anniversary branch serves to all sectors without any reservations. SME, MSME, commercial, agriculture, solar loans, Covid 19 rehabilitation, education loans, leasing, pawning, personal loans, housing loans and latest ‘sashreeka’ loan schemes with many services are offered at the branch.

Branch is in a convenient location in the busy business hub of the city in Kumaratunga Mawatha with easy access to the public and open for 365 days. Furthermore, keeping with the customer convenience a Strong smart zone with 3 ATMs, l CRM and 1CDM, and two off site CRM and ATM.

Among the namouras banking feats achieved following stand out as the best performances recorded by a BOC branch in the region. Branch became the branch with the highest volume and highest deposit base in Southern Province and the advances recorded is the highest number of loan facilities granted in Southern Province among other branches of the Bank.

Branch is looking forward to harnessing the opportunity that is carved to encourage small scale exports by the bank keeping in line with governments export encouraging boost initiative. Matara Super Grade- 82nd Anniversary branch aspire to be the icon bank branch in Sri Lanka in coming years.

To offer our customers with a superior service and a comprehensive banking experience, Bank of Ceylon successfully relocated our branch at Haldummulla.

The Deputy General Manager of Bank of Ceylon (Sales and Channel Management) Mr. Priyal Silva, Mr. K.G.C Deepal (Assistant General Manager) and Mr. I.K Nawaratne (Assistant General Manager - Uva Province) were among the attendees present at the event.


With the purpose of connecting the city with the village and providing the convenience of digitalization to the rural community, Bank of Ceylon launched the BOC Connect banking service at Gomarankadawala today, in order to allow customers to conduct their day to day banking transactions conveniently with an authorized agent.

The Chairman of Bank of Ceylon, Mr. Kanchana Ratwatte, General Manager, Mr. D.P.K Gunasekara, Deputy General Manager (Sales and Channel Management) Mr. Priyal Silva, Deputy General Manager (Product and Banking Development) Mr. Y.A Jayathilaka, Chief Legal Officer, Mr. B.K Gurusinghe and the Assistant General Manager (Eastern Province) Mr. W.M.A Wanigasekara were among the attendees present at the event.



UnionPay International (UPI) is the first international card scheme to partner with BOC SmartPay to enable QR code payments in Sri Lanka. Tourists who have UnionPay enabled QR apps can scan the Bank of Ceylon QR code at merchant outlets and pay for goods and services. The first transaction of this partnership took place at Ministry of Crab, which was the first Sri Lankan merchant to obtain a UnionPay enabled EDC terminal provided by BOC.

The event was graced by, Mr K. E. D. Sumanasiri Senior Deputy General Manager (Human Resource), Mr. Y. A. Jayathilaka Deputy General Manager (Product & Banking Development), Ms. KP Mallika AGM (Digital Products Promotion), Mr. Eranga Bandara AGM (Electronic Banking Centre), and Mr. HK Rajapakse AGM-IT (Delivery Channels), representing Bank of Ceylon. Michelle Shao (General manager South Asia branch), Jerry Jiang (Business Head South Asia Branch), Mr. Melvin (Head of operations South Asia branch), Liu Xiaoyang (Yang) (Manager Operations South Asia branch), Crispin Wijesekera (Country Manager Srilanka and Maldives), Benzy Fernando (Head of Products and Business Development) and Arouf Samoon (Head of Branding and Marketing) representing UnionPay.

Mr. Dharshan Munidasa Director/Co- founder of Ministry of Crab was also present at the event.



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