Enables channelling of global digital earnings directly into bank accounts via ComBank Digital
Reinforcing its position at the forefront of digital banking innovation in Sri Lanka, Commercial Bank of Ceylon has introduced PayPal-linked withdrawal functionality for eligible customers, enabling seamless transfers of international digital earnings directly into Commercial Bank accounts through ComBank Digital.
The new integration allows Sri Lankan freelancers, digital entrepreneurs, and exporters to securely transfer funds from their PayPal balances into local Commercial Bank accounts through the ComBank Digital platform. The process is designed to be instant, convenient, and fully aligned with regulated banking standards.
As one of the world’s most widely used online payment platforms, operating across nearly 200 global markets, PayPal has become a key enabler of international digital commerce. The integration is expected to significantly benefit Sri Lankan individuals and businesses engaged in global freelance work, digital services, and cross-border online trade.
According to the bank, the feature operates through a secure, self-service email-based syncing system integrated within ComBank Digital. Existing PayPal users can link their accounts by ensuring that both their registered email address and date of birth match across the two platforms, allowing for fast and secure authentication.
Once successfully connected, eligible customers can conveniently view available PayPal balances within the ComBank Digital application and transfer funds directly into their Commercial Bank accounts. The fully digital process takes only a few minutes to complete and eliminates the need for an in-person branch visit.
Commenting on the development, Commercial Bank Managing Director and CEO Sanath Manatunge described the initiative as a major step forward in strengthening Sri Lanka’s participation in the global digital economy.
“For many years, Sri Lankan freelancers, entrepreneurs, and digital professionals earning through international online platforms have encountered obstacles when bringing their earnings into the country through secure and regulated financial channels,” he said. “Through PayPal integration with ComBank Digital, we are creating a smoother pathway for global earnings to enter Sri Lanka’s formal financial system while supporting increased foreign currency inflows, greater financial transparency, and the growth of the country’s expanding digital workforce.”
The move reflects Commercial Bank’s continued focus on introducing globally relevant financial technologies that empower Sri Lankans to engage more effectively in international commerce and the digital marketplace.
