Sri Lanka, May 15 -- Prime Minister Dr. Harini Amarasuriya today welcomed the initiative by Sri Lankan banks to collaborate with PayPal as the country advances its digital economy ambitions.

PayPal services will soon be made available in Sri Lanka through initial banking partners Bank of Ceylon, Commercial Bank of Ceylon and Sampath Bank PLC, with additional banks expected to join in the coming months.

The announcement marks a significant step in ongoing efforts to strengthen secure and trusted cross-border payment access for Sri Lankan consumers, freelancers, entrepreneurs, start-ups and businesses.

Sri Lanka's digital economy agenda is focused on enabling inclusive growth, supporting digital entrepreneurship and strengthening the ...