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3 hours agoon
Marking a significant milestone in Sri Lanka’s journey toward a fully digital economy, PayPal, one of the world’s leading online payment platforms has been introduced to Sri Lanka through integration with the domestic banking system.
The official launch of the service took place under the patronage of Hon. Prime Minister Dr. Harini Amarasuriya.
Aligned with the Government of Sri Lanka’s digital economy vision, the new collaboration between the local banking sector and PayPal was highly commended by the Prime Minister.
This initiative is recognized as a transformative step in positioning Sri Lanka’s digital economy at both regional and global levels. The service will initially be made available to customers through key banking partners, including Bank of Ceylon, Commercial Bank, and Sampath Bank, with several other banks expected to join the initiative in the coming months.
This development enables Sri Lankan consumers, freelancers, entrepreneurs, and emerging businesses to access a secure and trusted international payment system.
The country’s digital economy agenda is primarily focused on fostering inclusive growth and promoting digital entrepreneurship while strengthening Sri Lanka’s integration with global markets.
The expansion of international payment services is expected to significantly support small and medium enterprises (SMEs) in becoming active participants in global trade.
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