Business

Paypal online payments system cleared for take-off in Sri Lanka

25 February 2016 - 3845   - 5

A final hurdle regarding the use of the Paypal online payments system has been cleared paving the way for this payments vehicle to be used in Sri Lanka, Central Bank (CB) officials said on Thursday.
They told a media briefing that issues pertaining to the reversal of funds remitted out on Paypal (for example when refunds are made) were cleared, 
PayPal is a US-based global online payments system established in 1998 which is available in 203 countries, including Sri Lanka, and in 26 currencies. - (DE)

  Comments - 5

  • gamaati Thursday, 25 February 2016 10:59 PM

    Refunds of the paypal is already active. What is not implemented is remitting of money to Sri Lankan Bank accounts through paypal.

    Reply : 2       5

    nuwan Friday, 11 March 2016 06:59 AM

    It was active from years ago. Receiving money is the problem.

    Reply : 0       4

    Vinod Sunday, 3 April 2016 08:13 PM

    Yes and that's the problem, but what happened, any news if this is allowed now to receive money in Sri Lanka? Its such a shame due to this it seems like we are stuck!

    Reply : 0       0

    Dude from one of worst countries on earth Friday, 17 June 2016 06:25 AM

    Paypal won't give full access to us Sri Lankans which in this decade may be the next century. What's to be done? Bare the pain.

    Reply : 0       0

    Mahesh Wednesday, 3 August 2016 02:50 PM

    Lorry talk from Sri Lankan politicians and trying to make this country challenge Singapore and Dubai but still the Central Bank of Sri Lanka could not grant full permission for PayPal to operate in Sri Lanka with their full capacity (SL Payment receiving capability).

    Reply : 0       0

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