Tuesday, July 21 2026
Tuesday, July 21 2026
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MONETABRIEF – Commercial Bank of Ceylon said has inked a deal with Paypal to allow its customers to receive and withdraw foreign remittances from Paypal accounts.
"The integration of PayPal with ComBank Digital enables Sri Lankan freelancers, digital entrepreneurs and exporters to transfer their PayPal balances directly to a local Commercial Bank account…" the bank said in a statement.
Existing PayPal users can link their PayPal accounts to their Commercial Bank accounts through ComBank Digital by matching the registered email addresses and date of birth linked to both accounts, enabling near-instant secure authentication and transfer, the bank said.
"For years, Sri Lankan freelancers, entrepreneurs, and digital professionals earning through global digital platforms have faced challenges in bringing those earnings into the country through secure and regulated banking channels," Sanath Manatunge, Chief Executive of Commercial Bank said in a statement.
"By enabling PayPal integration through ComBank Digital, we are facilitating the seamless flow of international earnings into the country’s formal financial system.
"At the same time, this initiative supports broader national economic objectives by encouraging foreign currency inflows, strengthening financial transparency, and empowering Sri Lanka’s growing digital workforce to participate more actively in the global marketplace."
Paypal facilities are also available through Sampath Bank and Bank of Ceylon.
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