The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts through ComBank Digital.<\/p>\n\n\n\n
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 through the Bank\u2019s ComBank Digital platform instantly, securely and through a fully regulated banking channel.<\/p>\n\n\n\n
As one of the world\u2019s leading online payment platforms operating across nearly 200 markets, PayPal enables individuals and businesses to participate in the global digital economy, making this integration highly beneficial for Sri Lankan customers engaged in international digital services and commerce.<\/p>\n\n\n\n
The integration operates through a secure, self-service email-based syncing mechanism embedded within ComBank Digital, the Bank said. Existing PayPal users can seamlessly 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 transfers. Eligible customers may access related transfer functionality via ComBank Digital, further enhancing accessibility to global digital payment services.<\/p>\n\n\n\n
Commercial Bank Managing Director\/CEO Sanath Manatunge said; \u201cThis marks a decisive milestone in strengthening Sri Lanka\u2019s connection with the global digital economy. 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. By enabling PayPal integration through ComBank Digital, we are facilitating the seamless flow of international earnings into the country\u2019s 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\u2019s growing digital workforce to participate more actively in the global marketplace.\u201d<\/p>\n\n\n\n
Commercial Bank has consistently remained at the forefront of introducing industry-first digital payment technologies to Sri Lanka, further reinforcing its position as a leader in digital banking innovation. Over the years, the Bank has introduced several pioneering payment technologies and digital banking solutions including Sri Lanka\u2019s first QR-based payment application \u2018Q+ Payment App,\u2019 Tap-to-Pay payment acceptance solutions, and Google Pay payment facilities, bringing globally advanced financial technologies to local customers.<\/p>\n\n\n\n
The Bank also records the largest CEFT transaction volume in Sri Lanka, reaffirming its strong leadership in the country\u2019s digital payments landscape. Recognising its continued excellence in digital banking innovation, Commercial Bank was presented the \u2018Excellence in Digital Payments\u2019 award for the second consecutive year at the LankaPay Technovation Awards 2026, in addition to six other awards across multiple digital banking categories.<\/p>\n\n\n\n
Source : Daily News<\/p>\n","protected":false},"excerpt":{"rendered":"
The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts through ComBank Digital. The integration of PayPal with ComBank Digital enables Sri Lankan […]<\/p>\n","protected":false},"author":3,"featured_media":6762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-6761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/posts\/6761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/comments?post=6761"}],"version-history":[{"count":1,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/posts\/6761\/revisions"}],"predecessor-version":[{"id":6763,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/posts\/6761\/revisions\/6763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/media\/6762"}],"wp:attachment":[{"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/media?parent=6761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/categories?post=6761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintechnews.lk\/index.php\/wp-json\/wp\/v2\/tags?post=6761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}