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.
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.
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.
Sanath Manatunge, Managing Director/CEO of Commercial Bank 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.”
Commercial Bank has consistently remained at the forefront of introducing industry-first digital payment technologies to Sri Lanka, further reinforcing its position as a leader in digital banking innovation. Over the years, the Bank has introduced several pioneering payment technologies and digital banking solutions including Sri Lanka’s first QR-based payment application ‘Q+ Payment App,’ Tap-to-Pay payment acceptance solutions, and Google Pay payment facilities, bringing globally advanced financial technologies to local customers.
The Bank also records the largest CEFT transaction volume in Sri Lanka, reaffirming its strong leadership in the country’s digital payments landscape. Recognising its continued excellence in digital banking innovation, Commercial Bank was presented the ‘Excellence in Digital Payments’ award for the second consecutive year at the LankaPay Technovation Awards 2026, in addition to six other awards across multiple digital banking categories.
With customer preferences rapidly shifting towards digital-first lifestyles, Commercial Bank said it continues to invest in technologically advanced banking solutions that enhance convenience, accessibility, speed, and security.
Latest News
Locked exits, and safety lapses revealed in Horana elderly home fire case
US-donated ‘P 628’ vessel officially commissioned into Sri Lanka Coast Guard fleet
Eheliyagoda OIC granted bail over alleged extortion
St. Joseph’s defeat S. Thomas’ to clinch Lady Jayathilake Shield
“Bourse extends losses amid continued selling pressure”
Horana elderly home director remanded following fatal fire
365 Future Energy explores energy storage and renewable power opportunities in SL
Hamas ready to hand over control of Gaza
Digital eye clinic project launched at Vijaya Kumaratunga Memorial Hospital
Ceylon Chamber expresses concern over new US Labour-related tariffs
