Improved BOC Mastercard Multi-Currency Travel Card debuts

BOC Chairman Kanchana Ratwatte and GM D.P.K. Gunasekera (Middle) officially launching the newly upgraded Multi-Currency Travel Card. DGM – International Treasury and Investment J.M.N. Jeewantha, AGM A.W.R. Thushantha and other bank officials are also in the picture

The ‘BOC Multi-Currency Travel Card’ (BOC MCTC) has been upgraded with benefits that add more security and convenience with Near Field Communication (NFC) and 3-D secure authentication service for e-commerce transactions. 

Convenient and secured, the new ‘BOC MCTC’ upgraded feature will secure travellers from possible threats that could occur and use the card confidently. 

Considering the need for overseas students to carry out their transactions conveniently, the Bank is offering BOC MCTC now under a special approval obtained through Central Bank of Sri Lanka. With the trust and stability built over the years, the BOC MCTC that is produced jointly with Mastercard International is accepted around the world to assist travellers to conduct their transactions seamlessly. Being a globally acclaimed technology company, Mastercard International is in the global payments industry and operate payments processing network, connecting consumers, financial institutions, merchants and businesses in more than 210 countries and territories.

This card can be used on ATMs, POS and for online transactions where the ‘Mastercard acceptance’ mark is present and the cardholder can enjoy dining, shopping and travelling whilst abroad or at Duty-free shopping outlets in Sri Lanka. 

This card also replaces currency notes which may be exchanged at a loss when travelling across different countries. Carrying physical currency notes also leads to practical issues such as portability. BOC MCTC provides the user an ideal solution to manage exchange rate fluctuation and keep the traveller informed about transactions via SMS or email. 

The card is also provided with a secured EMV complaint chip that keeps the card information safe whilst using it in places where there could be a possible identification theft. A smart traveller can use this update to keep a track of his/her expenses and manage the budget. Additionally, BOC provides a free backup card at the time of issuing the original card to assist the user in times of loss/theft or damage to the original card and the owner of the card is offered a free Travel Insurance cover up to $ 250,000 (conditions apply). 

“Being a bank which is focused on enriching its customer’s lives through adding value, BOC introduced the BOC Multi-Currency Travel Card that offers the convenience and safety of carrying multiple currencies in one digital card, allowing the customer to travel overseas freely and transact with confidence without being exposed to exchange loss,” commented Deputy General Manager – International, Treasury and Investment R.M.N Jeewantha.

One card can be loaded up to five different currencies, namely US Dollars, Sterling Pounds, Euro, Japanese Yen and Australian Dollars. The cardholder can switch the card funds from one currency to another via the cardholder self-care portal. Any traveller who is a resident Sri Lankan and above 18 years of age can obtain this facility under exchange control regulations. Reloading facility is available during the validity of the card and remote loading facility is available for students who are overseas for their higher education. Eligible customers can conveniently obtain this card at any BOC branch across Sri Lanka.