Wednesday, November 06, 2024
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Government facilitates  PayPal to start inward foreign remittance service

Government is to approach popular worldwide online system PayPal to start the inward money transferring service to facilitate the e-market place enabling Sri Lankan brands, entrepreneurs and companies to have more opportunities.


The government will be seeking PayPal to provide Sri Lankans inward access so that they can receive payments for the supply of products and services to their local bank account through this system

Sri Lankan youths engaged in web design and development, graphic designing and more have made a request from the high officials at a meeting held recently at the Prime Minister’s office at Temple Trees in Colombo removing restrictions on receiving payments online.

One of the problems the entrepreneurs are facing today is the absence of a mechanism to receive payments online from the consumers if they are engaging in e-commerce in its proper sense.

At present Sri Lankans can send money to any PayPal user, but they cannot receive money from anyone through PayPal.

So clients deny offers from local freelancers working online as they are required to use complex money transfer methods and hire people from countries that support PayPal, several members of Online Entrepreneurs Society said..

The government is now very keen to bring PayPal or a similar facility for the benefit of information technology workers who also want to receive inward payments, convener of the society Lasantha Wickremasinghe said.

 

(LIN)