BOC PayMate launched

Sri Lanka's Fortunaglobal and its mobile commerce partner PayMate India tied up with the Bank of Ceylon (BOC), to launch user-friendly mobile payment and banking solutions - BOC PayMate - the largest mobile commerce based payment network in the country.

This service allows BOC customers to pay bills, transfer money and make utility bill payments via their mobile phones from anywhere in the island. It enables BOC customers to settle bills of Sri Lanka Telecom (SLT), Ceylon Electricity Board (CEB) and National Water Supply and Drainage Board (NWB), Person to Person fund transfers and balance inquiries, all using their mobile phones BOC's Deputy General Manager (Product and Development Banking) Sam Samarasinghe said, "Seeing the changing lifestyles that the mobile phone has brought about in the last few years, there lies 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 BOC PayMate now offers unparalleled convenience."

CEO of Fortunaglobal, Sri Lankan partner of PayMate, Suren Kohombange said "PayMate and Fortunaglobal have partnered BOC for the last three years in mobile commerce initiatives. I am confident that the new initiative will give millions of BOC account holders a key value addition and ease of use in their daily engagements with the bank' Fortunaglobal Private Limited is a successful high-end technology solutions provider across financial, telecommunication and media segments. Established in 2007 it is the exclusive partner for PayMate, India in Sri Lanka.

Managing Director and Founder of PayMate Ajay Adiseshann said, "It is exciting to see Sri Lanka's premier bank commercially rollout PayMate's mobile banking and payment services for bill payments and intra bank funds transfers to its 06 million customer base. The next step would be to offer mobile money transfer services to the unbanked masses of Sri Lanka via the same platform which would be of tremendous value from a financial inclusion standpoint."