📈 Commercial Bank & Visa Hit 100K Google Pay Milestone

Commercial Bank of Ceylon has reached a significant digital landmark, recording 100,000 Google Pay transactions within just six weeks of its Sri Lankan launch. This rapid adoption highlights a decisive shift toward contactless mobile payments and a growing consumer appetite for a cashless economy. • Transaction Volume & Adoption: The 100,000-transaction milestone was achieved following the late 2024 rollout, signaling strong trust in digital banking ecosystems. The bank remains the first in Sri Lanka to offer this global payment solution to its Visa cardholders. • Technological Integration: The success is driven by the integration of Google’s intuitive interface and Visa’s global network. High security is maintained through advanced tokenization technology (via IDEMIA), which replaces sensitive card data with secure digital tokens. • Economic Context: This milestone aligns with national efforts toward ICT/BPM growth and digital financial inclusion. By reducing reliance on physical cards and cash, the initiative supports the broader goal of modernizing Sri Lanka's financial services and improving transaction efficiency for the retail and service sectors. • Key Leadership & Partners: The achievement was recently celebrated at Cinnamon Life with leadership from Commercial Bank and Visa Sri Lanka, marking what is described as the "next evolution" of the local payments landscape. _Summary based on 2026 provisional transaction data._