Google Pay Officially Launches in Sri Lanka Through Commercial Bank, Visa & Google Partnership
Sri Lanka is taking a significant leap towards a cashless economy with the official introduction of Google Pay, enabled by Commercial Bank of Ceylon PLC in collaboration with Visa and Google. This launch marks a historic milestone as Commercial Bank becomes the first bank in Sri Lanka to offer Google Pay services for its Visa cardholders, integrated within the Google Wallet platform.
Transforming Digital Payments in Sri Lanka
This collaboration brings together the cutting-edge capabilities of Google’s digital wallet technology, Visa’s trusted global payment network, and Commercial Bank’s robust digital banking ecosystem. Together, they create a seamless, secure, and convenient payment experience for Sri Lankan consumers and businesses.
How Google Pay Works for Commercial Bank Cardholders
Visa debit and credit cardholders of Commercial Bank can now:
Add their cards directly to Google Wallet
Complete verification using a one-time password (OTP) or through call-center authentication
Make secure, contactless payments using NFC-enabled Android smartphones
Pay at any contactless-enabled Point-of-Sale (POS) terminal locally and internationally
With Google Pay, there is no need to carry physical cards or cash, allowing users to make fast and secure transactions with just a simple tap of their smartphone.
Enhanced Security with Tokenization
Security remains a priority in this digital payment revolution. Commercial Bank has partnered with IDEMIA to implement Visa Token Service (VTS), which replaces sensitive 16-digit card numbers with unique digital tokens for each transaction. This means:
Card details are never exposed to merchants
Card information is not stored on the device
Every transaction is protected with an additional layer of security
Additionally, Commercial Bank leverages the payment infrastructure of Euronet, its card switch provider, to ensure smooth and reliable transaction processing.
Phased Rollout and Future Expansion
Initially, Google Pay will be available for select Visa card ranges with plans for a broader rollout in the near future. This phased approach will ensure a smooth transition and allow more customers to enjoy the benefits of this innovative payment method over time.
Embracing a Cashless Future
The introduction of Google Pay is a defining moment in Sri Lanka’s ongoing digital transformation. It offers increased convenience, enhances trust in digital payments, and supports the country’s shift toward a modern, cashless economy.
Lushanth Pvt Ltd Supports Digital Innovation
At Lushanth Pvt Ltd, we recognize the significance of this advancement and reaffirm our commitment to supporting businesses and consumers in adopting reliable, secure, and innovative IT solutions. As Sri Lanka’s digital landscape evolves, we stand ready to assist organizations in integrating modern payment technologies, AI, automation, and cloud-based services to stay competitive and future-ready.
Stay connected with Lushanth Pvt Ltd for the latest updates and expert insights into digital transformation and technology trends in Sri Lanka.
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