Paymaster is a revolutionary payment solution by Commercial Bank.

Our main aim is to relieve you of the burden and cost of large scale, repetitive but nonetheless highly important tasks of making various routine and other payments and so enable you to focus on your core business without worry.

The Essentials

• Routine payments are made easy and in real time to Commercial Bank of Ceylon accounts.
• Instant payments can be made to Commercial Bank accounts, and payments to other banks connected via BEFTN will be processed in one business day (T+1).
• Automate payments of employee salaries.
• Easily make payments to suppliers, pay dividends, medical reimbursements, and sales-related payments such as commissions and incentives.
• Carry out bulk utility payments, building rent, and insurance premiums.
• Secure login with various levels of authorization, including one-time passwords (OTPs) and email notifications.
• Check the status of any transaction from anywhere at any time via the Commercial Bank Paymaster web portal.
• Benefit from Paymaster's security and convenience without the hassle of paying with cash or cheques.

Benefits of using Paymaster

• Paymaster will eliminate the risk involved with transporting and manually packeting large amounts of cash.
• Save time and resources spent on issuing, processing, and posting cheques, drafts, and other payment orders.
• Benefit from the instant disbursement of payments.
• Reduces the overall transaction costs.
• Greater reach via the Core Banking computer-linked network of Commercial Bank of Ceylon and other banks through BEFTN in Bangladesh.
• Access funds by Debit Card at any Commercial Bank ATM or any VISA outlet.

Applying for Paymaster

• Collect a Paymaster application from any branch of Commercial Bank of Ceylon PLC or download one from the bank's website.
• Complete and submit the application to the branch where you maintain your account.
• After your application is processed and registered, the bank will issue a file creator to help you create payment information.
• You will also be issued a user ID and password for the Paymaster login.
• For more details, contact the Digital Banking Unit at +880 2 9662720 during working hours or email ebanking@combankbd.com.