Bank of Ceylon (BOC), Sri Lanka’s largest and most trusted commercial bank, has introduced a major advancement in the country’s digital banking landscape with the launch of BOC Flex – Tap & Pay, Sri Lanka’s first mobile banking wallet-based contactless payment solution.
Building on the success of its next-generation Internet and Mobile Banking platform, BOC Flex, launched in March 2025, the bank continues to strengthen Sri Lanka’s digital financial ecosystem by introducing innovative and customer-focused banking solutions. The launch of Tap & Pay on 9 July 2026 enables customers to make secure, seamless and convenient contactless payments directly through the BOC Flex mobile banking application.
The launch event was attended by senior government officials, representatives from the Central Bank of Sri Lanka and Mastercard, along with the Chairman, Board of Directors, Chief Executive Officer and senior management of Bank of Ceylon, highlighting the importance of this milestone in Sri Lanka’s journey towards a digital economy.
BOC Flex – Tap & Pay introduces a secure digital wallet integrated with virtual card technology, allowing customers to make fast and secure payments at NFC-enabled Point-of-Sale (POS) terminals and online merchants directly through the BOC Flex mobile banking app.
BOC Strengthens Digital Banking Vision
Speaking at the launch, Mr. Kavinda De Zoysa, Chairman of Bank of Ceylon, stated that the introduction of Tap & Pay reflects the bank’s commitment to leveraging technology to create greater value for customers and support Sri Lanka’s digital transformation.
He highlighted that the initiative supports the development of a digitally empowered, financially inclusive economy by delivering fast, secure and globally benchmarked financial solutions while enhancing the overall customer banking experience.
Meanwhile, Mr. Y. A. Jayathilaka, General Manager/Chief Executive Officer of Bank of Ceylon, said the new solution represents another significant milestone in the bank’s innovation journey.
He noted that BOC Flex – Tap & Pay is designed to make banking simpler, safer and more convenient while supporting Sri Lanka’s transition towards a modern cash-lite economy.
A Complete Digital Payment Experience
BOC Flex Wallet provides customers with a comprehensive platform to manage their digital financial activities. Users can transfer funds from their BOC accounts to the wallet, make bill payments, transfer money to BOC accounts and settle outstanding BOC credit card balances.
The wallet also acts as the funding source for the BOC Flex Virtual Card, enabling customers to make secure contactless payments. The Auto Top-Up feature ensures uninterrupted transactions by automatically transferring funds from a linked BOC account whenever the wallet balance falls below the required amount.
The BOC Flex Virtual Card provides enhanced flexibility and security, allowing customers to make contactless payments at NFC-enabled terminals and conduct secure online transactions. Customers can create and manage up to three virtual cards, temporarily suspend or reactivate cards through self-service options, and change funding sources whenever required.
Supporting Sri Lanka’s Digital Economy
The introduction of BOC Flex – Tap & Pay aligns with Sri Lanka’s efforts to increase digital payment adoption and expand access to secure financial services. By enabling simple, cardless and reliable payment experiences, the solution encourages wider adoption of cashless transactions while supporting greater financial inclusion.
With more than 2,500 customer touchpoints islandwide, including branches, BOC Connect outlets, Digi Centres, ATMs, CRMs and CDMs, Bank of Ceylon continues to provide accessible banking services to customers across Sri Lanka. The bank also maintains an international presence in India, Maldives, Seychelles and the United Kingdom.
BOC’s commitment to digital innovation has received international recognition, with the bank being ranked among the World’s Top 500 Banking Brands.
International Recognition for Digital Innovation
Bank of Ceylon’s digital transformation efforts gained further recognition at the Digital CX Awards 2026 in Singapore, where BOC Flex became the first Sri Lankan banking application to receive international recognition at the awards, winning three prestigious accolades for customer experience and digital banking excellence.
These achievements follow previous successes at the National ICT Awards 2025, National Project Management Excellence Awards, and LankaPay Technovation Awards, reinforcing BOC’s position as a pioneer in Sri Lanka’s digital banking sector.
The launch of BOC Flex – Tap & Pay marks another significant step in Bank of Ceylon’s digital transformation journey, reaffirming its commitment to delivering secure, innovative and customer-focused financial solutions while shaping the future of digital payments in Sri Lanka.