PayPal executive in Sri Lanka for talks

[monson]

A top executive from PayPal, an internet firm that processes digital and mobile payments, is to visit Sri Lanka for talks Wednesday, Minister of Telecommunications and Digital Infrastructure Harin Fernando said.

PayPal’s Asia chief based in Hong Kong will meet Finance Minister Ravi Karunanayake and central bank governor Arjuna Mahendran, Fernando told a news conference.

He said the government wants companies like China’s Alibaba and eBay, which owns Pay Pal, to offer their services in the island to encourage entrepreneurs to develop their own products and services.

E-commerce platforms will enable small businesses to connect with consumers more easily and cheaply, he said.

- http://www.economynext.com/Pay_Pal_executive_in_Sri_Lanka_for_talks-3-4143.html


Muhunthan Canagey
‏@mcanagey

We will do our best to bring PayPal full access to #lka. @PayPal regional head will visit @icta_srilanka on 3rd Feb @NalakaG @fernandoharin

- https://twitter.com/mcanagey/status/694144350704500736

 

[කඩ්ඩ බැරි එකා]

දුන්නත් ඒකටත් බදු කෙලියි එපා වෙන්නම.

 

[monson]

Paypal to discuss Sri Lanka inward payments


Feb 01, 2016 (LBO) – The regional head of PayPal is to have discussions with Sri Lanka’s officials over freeing Paypal inward payments for citizens in the country, Telecommunications and Digital Infrastructure Minister Harin Fernando said.

“Regional head of PayPal will visit Sri Lanka this Wednesday. He is scheduled to have talks with Central Bank Governor and Finance Minister about this matter,” he said.

Paypal is a worldwide payments system that evolved out of the US, where small payments can be sent to over 190 countries at the moment.

Full Paypal freedoms are available in most free countries but some nations, including Sri Lanka are yet to allow payments to be received and withdrawn via Paypal.

Sri Lanka has already freed outward payments by Paypal accounts, which can be linked to credit cards.

But to run a Sri Lanka based e-business selling goods, or to provide professional services abroad, a Paypal account must be able to receive money.

Small e-service providers – especially individuals – have been asking for the service. Many free countries in Asia, including Japan and South Korea allow full Paypal freedoms.

 

[nadeeraLK]

haaa wesmnu pons .pala pala ponilage gu kapan gihin

 

[monson]

Addressing a question from a private company, the governor stated that companies in the business of online transactions, like PayPal, were reluctant to function in countries like Sri Lanka due to the power of the bureaucracy to interfere in the free flow of money, as he termed it.

Hence, the governor reassured, “We are in the process of now re-writing our whole law on this exchange control called the Exchange Management Act, which only has to face the hurdle of being passed in parliament.

“I am hoping that in the next six months it will go through. Then, I think that will address this concern of PayPal,” said the governor.

- http://newsfirst.lk/english/2016/02...ts-at-bi-monthly-private-sector-darbar/127209

 

[maxtalker]

කයිය සහ කෙදිරිය

 

[Nidarshana_k]