PayPal announces partner banks in Sri Lanka

• You can send money via PayPal (this was already possible before — using a linked Sri Lankan card or bank).
• You can now receive international payments (the big new change). However, these payments will flow directly into your linked local bank account (Sampath Bank, Commercial Bank of Ceylon, or Bank of Ceylon) rather than staying in a PayPal balance.
  
• You cannot hold money as USD (or any foreign currency balance) long-term in your PayPal account.
  This is due to Sri Lanka’s foreign exchange rules and the Central Bank of Sri Lanka’s (CBSL) requirements. CBSL was specifically concerned about PayPal’s usual “closed-loop” system that lets users hold foreign currency outside the local banking system. To comply, the new setup routes incoming funds straight through the partner banks (likely converting them to LKR at PayPal’s exchange rate plus any markup/fees). There is no option for a persistent USD wallet/balance like you’d have in many other countries.
  

topkollek said:

Starting May 15, 2026 (tomorrow), PayPal in Sri Lanka is enabling full send + receive functionality for the first time, but with key limitations tied to local regulations:

• You can send money via PayPal (this was already possible before — using a linked Sri Lankan card or bank).
• You can now receive international payments (the big new change). However, these payments will flow directly into your linked local bank account (Sampath Bank, Commercial Bank of Ceylon, or Bank of Ceylon) rather than staying in a PayPal balance.
• You cannot hold money as USD (or any foreign currency balance) long-term in your PayPal account.
  This is due to Sri Lanka’s foreign exchange rules and the Central Bank of Sri Lanka’s (CBSL) requirements. CBSL was specifically concerned about PayPal’s usual “closed-loop” system that lets users hold foreign currency outside the local banking system. To comply, the new setup routes incoming funds straight through the partner banks (likely converting them to LKR at PayPal’s exchange rate plus any markup/fees). There is no option for a persistent USD wallet/balance like you’d have in many other countries.

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topkollek said:

You can now receive international payments (the big new change). However, these payments will flow directly into your linked local bank account (Sampath Bank, Commercial Bank of Ceylon, or Bank of Ceylon) rather than staying in a PayPal balance.

Click to expand...

SpinXO said:

The PayPal era was over a long time ago, boys...

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SpinXO said:

The PayPal era was over a long time ago, boys...

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kasunkaru said:

so now whats era?

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dilann said:

ඉටියෙන් හරි මැටියෙන් හරි paypal හදලා දීපං කෝ . . ඒ ඇති .

සල්ලි hold කරන්න නම් දැනටමත් payoneer එක තියනව .

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kasunkaru said:

paineer hondada paipal walata wadaa?

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kasunkaru said:

so now whats era?

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