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PayPal wants report from Sri Lanka:

3 posters

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1PayPal wants report from Sri Lanka: Empty PayPal wants report from Sri Lanka: Fri May 16, 2014 1:37 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Sampath, three other banks to introduce service
Ada Biz Admin Top News May 14th, 2014 0 Comments 453 views
Though the Central Bank of Sri Lanka (CBSL) was first to introduce PayPal to Sri Lanka through the Sampath Bank, it is revealed that three other banks too have been now earmarked by the CBSL.

A senior official from the CBSL told AdaderanaBiz, “We were to first introduce PayPal through the Sampath Bank. However, we now plan to introduce this service to the country through four banks. We also plan to gradually involve the rest of the banks in the country.”

While the CBSL is discussing with the PayPal branch in India to introduce the service to Sri Lanka, PayPal’s Indian arm has reportedly requested a report on Sri Lanka’s exports.

The senior CBSL official told AdaderanaBiz that they would be submitting such a report and hence the introduction of PayPal to Sri Lanka would face a slight delay.

Though cash cannot be remitted to Sri Lanka through the world renowned PayPal money transfer service sending money from Sri Lanka is possible even now.

While those who provide services to foreign countries would benefit with the opportunity of cash remittances into Sri Lanka it would also help develop this sector.

2PayPal wants report from Sri Lanka: Empty Re: PayPal wants report from Sri Lanka: Fri May 16, 2014 9:00 am

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Thats better they are giving Paypal to other Banks as well. Otherwise Sampath Bank will try to use monopoly tactics to market Paypal. Currently Sampath is asking Rs 200,000/= deposit to open a payment gateway, which is way to high.

Paypal usually provide their payment gateway free of startup fees. Hope local bank will not try to be greedy and try to charge excessively the from the local customers which will takeout the advantage of inward remittance through paypal.

3PayPal wants report from Sri Lanka: Empty Re: PayPal wants report from Sri Lanka: Fri May 16, 2014 9:07 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

This is great but quite late as well by now.

I Operate two web sites with on line payment gate ways. Due to Pay pal issue we had to operate these sites using a foreigner and it was a frustating experience.
now I hope all will be supportive for us and hope to change the stratergy and restart the whole concept again.

http://billionceylon.com/

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