BOC partners with SLT to launch first ever Dynamic QR for utility bill payments

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 payments by scanning the Dynamic QR printed on SLT monthly bill from August. This feature is also available with e-bills for SLT customers who receive their monthly statements via emails.

This 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 of the day, from anywhere, with a single click using the SmartPay app or with at any other Lanka QR certified payment app. SmartPay, BOC’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 the simple self-registration process and swift improvements in features and functionalities.

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 fin-techs to enrich the digital payment ecosystem across the country in line with the initiatives of Central Bank and the Government of Sri Lanka. 

In addition to SmartPay, BOC has an array of digital banking solutions under its wing to facilitate its customers, such as the 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.