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Sri Lanka moves toward PayPal integration to boost digital economy

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Sri Lanka is advancing efforts to strengthen its position as a regional digital hub by laying the groundwork for the entry of global payment platform PayPal⁠ Government-led technical discussions and preparations are currently underway as part of a broader push to modernize the country’s financial infrastructure.

The initiative is expected to enable freelancers, entrepreneurs, and small businesses to receive international payments more easily, removing long-standing barriers to global markets. 

Officials say the move could significantly boost foreign exchange earnings from IT and digital services, while also encouraging fintech innovation and expanding cashless transactions across the country.

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