Saturday May 30, 2026
Saturday May 30, 2026
Friday, 29 May 2026 06:19 - - {{hitsCtrl.values.hits}}
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 freelancers, digital entrepreneurs and exporters to transfer their PayPal balances directly to a local Commercial Bank account through the Bank’s ComBank Digital platform instantly, securely and through a fully regulated banking channel. As one of the world’s 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.
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.
Upon successful linkage, the eligible customers’ PayPal balances available for withdrawal can be viewed through the banking application and transferred into their Commercial Bank accounts. The experience is entirely digital and can be completed in approximately two minutes, without requiring a branch visit.
Commercial Bank Managing Director/CEO Sanath Manatunge said: “This marks a decisive milestone in strengthening Sri Lanka’s 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’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.”
