Genie, BOC partner to increase digital payments via mobile wallet solution

Monday 1 June 2020 10:15 CET | News

Sri Lanka-based fintech Genie has partnered with Bank of Ceylon (BOC) to act as the financial acquirer and digitise payments through its mobile wallet solution. 

According to Adaderana Biz English, thanks to Genie, customers can make payments and pay bills at over 20,000 merchant touch points, via the app or by making online purchases through ecommerce sites. Genie’s ‘one-click pay’ allows users to enter their card details one-time, save it as a token, and pay via a single click. Besides, there are other features included, like digital vouchers, multiple bill payments, bill presentment and remote payments, which eliminates the need for POS terminals. 

Moreover, regarding the partnership, BOC has taken some initiatives towards digitising its payment experience via financial inclusion and digital adoption across all sectors, including the grass root level of the society. 

Through the merger, BOC hopes that its Internet Payment Gateway (IPG) will help Genie reach millions of smartphone users who can pay directly, with any payment option, from anywhere, thus driving digital payment adoption and encouraging financial inclusion across the nation, Adaderana Biz English reported.

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Keywords: Genie, mobile wallet, mobile payments, Bank of Ceylon, BoC, multiple bill payments, merchant, online purchases, one-click pay, Token, digital vouchers, bill presentment, remote payments, POS terminals, internet payment gateway, IPG, digital payment
Categories: Payments & Commerce
Countries: Sri Lanka
This article is part of category

Payments & Commerce