BOC ties up with SLT to launch first Dynamic QR

Sri Lanka’s No. 1 bank, BOC recently tied up with the national telecommunication provider, Sri Lanka Telecom, to launch the first ever Dynamic QR for bill payments. Any SLT customer having BOC SmartPay Payment App or any other Lanka QR certified Payment App can make payment by scanning the Dynamic QR printed on SLT monthly bill from August 2020. This feature is also available with e-bills for SLT customers who receive their monthly statements via emails.

First ever static Lanka QR for bill payments and reloads was launched last year by the Bank with Mobitel and it was embraced by customers due to its convenience, simplicity and speed. BOC upgraded SLT static QR to Dynamic QR with the intention of giving a revolutionary payment experience to customers. Now customers can enjoy the freedom of making bill payments at any time from anywhere with a single click using SmartPay App or with at any other Lanka QR certified Payment App.

SmartPay, Bank’s mobile payment app is gaining popularity with over 150,000 wallet active users and over 25,000 Lanka QR enabled island wide merchant network due to simple self registration process and continuous improvements in features and functionalities. (BOC)

The recent pandemic situation has created positive reinforcement of customer perception towards digital banking and driving this momentum through digital innovations would be the “New Normal” in the post COVID 19 situation. BOC continues to work closely with Technology partners and enthusiastic Fintechs to enrich the digital payment ecosystem across the country in line with the initiatives of Central Bank and Government of Sri Lanka. 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), Smart Passbook (which enables customers to view their bank statements online), SmartGen accounts (a digital account which does not require any paperwork to maintain), Apply online (online personal/housing loan application) and also an internet payment gateway.