BOC and Mastercard launch “BizPlus” credit card to empower MSMEs

Monday, 23 June 2025 03:42 - - {{hitsCtrl.values.hits}}

Bank of Ceylon (BOC) has partnered with Mastercard to launch the BizPlus Credit Card, a tailored financial product specifically designed to meet the needs of Micro, Small, and Medium Enterprises (MSMEs).

The launch marked a significant step in BOC’s ongoing efforts to support financial inclusion and economic empowerment across the country.

The BizPlus Credit Card is crafted to help business owners manage their operational expenses with greater ease and efficiency. From hotel bookings and business travel to advertising, marketing campaigns, and social media promotions, the card is intended to serve as a versatile and dependable tool for managing day-to-day business costs. As a product issued under the globally trusted Mastercard brand, the card provides an enhanced experience with a variety of financial benefits. These include substantial travel insurance coverage for high-end cardholders, easy instalment plans extending up to 24 months, and access to the BOC Rewardz Plus loyalty program, which allows cardholders to earn and redeem points on eligible transactions. The card is not only a financial instrument but a strategic enabler that supports the growth of MSMEs by offering practical, digital solutions for business spending. It also reflects BOC’s focus on strengthening its relationships with its business clientele, enhancing loyalty, and increasing value-added services.

The launch ceremony was attended by several key dignitaries from both organisations. Represented Bank of Ceylon Chairman Kavinda de Zoysa, General Manager/ CEO W. P. Russel Fonseka, Deputy General Manager Product and Banking Development Y. A. Jayathilaka, Deputy General Manager International, Treasury and Investment Jayashantha Godakanda and Deputy General Manager Development Banking and Branch Credit Operations R. M. N. Jeewantha. Mastercard’s leadership was represented by Division President for South Asia Gautam Aggarwal, Chief Operating Officer for South Asia Vikas Varma, Country Manager for Sri Lanka and Maldives Sandun Hapugoda and Director for Sri Lanka Mahesha Amarasuriya.

BOC Deputy General Manager Product and Banking Development Y. A. Jayathilaka said: “The BizPlus Credit Card is more than just a payment solution. It is a commitment to empowering Sri Lanka’s MSME sector. By providing tools that simplify financial management, we are enabling businesses to thrive in a competitive, digital economy. At BOC, we believe that empowering small businesses is key to driving sustainable economic growth.”

Officials from both BOC and Mastercard emphasised that this collaboration is built on a shared vision of driving innovation and inclusive growth. The Mastercard representatives reaffirmed their commitment to supporting the development of digital payment ecosystems in Sri Lanka and helping MSMEs gain access to secure, efficient financial solutions.

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