PayMate partners with Bank of Ceylon

PayMate has partnered with Bank of Ceylon (BOC), Sri Lanka's No. 1 Bank, to offer an m-payment solution. BOC banking customers will now be able to make their monthly electricity, water and telephone bill payments via a simple SMS.

Commenting on this new launch, Dr. Gamini Wikaramasinghe, chairman, BOC says, “Seeing the changing lifestyles that the mobile phone has brought about in the last few years, there is an enormous opportunity to integrate banking services on this platform. With the mobile phone increasingly becoming the one-stop-shop for consumers, a simple and secure service like PayMate now offers unparalleled convenience for our customers. BOC has been in forefront of offering newer services to its customers by associating with PayMate. We aim to offer the best of m-commerce solutions to the Sri Lankan market through knowledge sharing and technology expertise.”

In the coming weeks, BOC PayMate plans to grow its merchant network across all categories including retail stores, food and beverage outlets, online sites and utility bill payments to enable mobile transactions. In Sri Lanka, PayMate is represented by its local partner Fortunaglobal who will work closely in building the mobile payment eco-system.

“With mobile penetration growing at 30 % each year, the Sri Lankan market presents a unique opportunity for m-commerce and we are excited to be first SMS based mobile payment service in the country,” comments Ajay Adiseshann, MD, PayMate.