Indian mobile payment services provider PayMate has inked an agreement with Bank of Ceylon (BOC), a Sri Lanka-based financial services company, to provide the latter’s customers with mobile payments and banking services.

Under the agreement, the new PayMate-powered functionalities are set to enable the bank’s members to pay for their utility bills, perform person-to-person (P2P) funds transfers and monitor their account balance from their mobile devices. For the future, the bank has also revealed plans to expand its mobile money transfer services to unbanked consumers in Sri Lanka via the same platform.

Bank of Ceylon offers various banking services through a network of 305 local and 3 overseas branches.