ComBank introduces breakthrough ‘Tap to Phone’ payments acceptance with PAYable;

The Commercial Bank of Ceylon has become the first Sri Lankan Bank to introduce card acceptance through Android smartphones, allowing its merchants to conveniently and cost-effectively accept card payment transactions, changing the landscape of the digital payment industry in Sri Lanka with this state-of-the-art low-cost technology.

The Bank has announced that it is providing this facility in collaboration with PAYable Pvt Ltd. one of Sri Lanka’s leading fintech and digital payment solutions providers, and has integrated its payment system with PAYable SoftPOS, also known as PAYableTAP, which was developed in partnership with Mastercard and Worldline, a technology company that provides digital payment platforms to the financial sector.