The Commercial Bank of Ceylon has introduced PayPal-linked withdrawal functionality for eligible customers, enabling Sri Lankan freelancers, digital entrepreneurs and exporters to directly transfer their PayPal earnings into Commercial Bank accounts through the Bank’s ComBank Digital platform.

The Bank said the latest integration represents another milestone in its drive to bring advanced global financial technologies to Sri Lanka while strengthening access to the international digital economy through secure and regulated banking channels.

With the new facility, eligible customers can seamlessly link their PayPal accounts to Commercial Bank accounts using a secure self-service process embedded within ComBank Digital. The authentication process requires customers to match the registered email addresses and date of birth linked to both accounts, allowing near-instant verification and transfers.

Once linked, customers can view their PayPal balances available for withdrawal via the banking application and transfer funds directly into their Commercial Bank accounts without visiting a branch. The Bank said the entire digital onboarding process can be completed in approximately two minutes.

Commenting on the initiative, Commercial Bank Managing Director and CEO Sanath Manatunge said the integration would strengthen Sri Lanka’s connection with the global digital economy while helping local freelancers and digital professionals overcome longstanding challenges in receiving international earnings through formal banking channels.

“This marks a decisive milestone in strengthening Sri Lanka’s connection with the global digital economy,” he said. “By enabling PayPal integration through ComBank Digital, we are facilitating the seamless flow of international earnings into the country’s formal financial system.”

He added that the initiative would also support broader national economic objectives by encouraging foreign currency inflows, improving financial transparency and empowering Sri Lanka’s growing digital workforce to participate more actively in global markets.

PayPal operates across nearly 200 international markets and is among the world’s leading online payment platforms, widely used by freelancers, digital service providers and e-commerce businesses.

Commercial Bank said the latest development further reinforces its leadership in digital banking innovation. The Bank has previously introduced several industry-first payment technologies to Sri Lanka, including the ‘Q+ Payment App,’ Tap-to-Pay payment acceptance solutions and Google Pay facilities.

The Bank also records the largest CEFT transaction volume in the country and recently won the ‘Excellence in Digital Payments’ award for the second consecutive year at the LankaPay Technovation Awards 2026, in addition to six other awards across digital banking categories.

As digital banking adoption accelerates, Commercial Bank said it continues to invest in advanced banking technologies aimed at improving customer convenience, accessibility, speed and security.

The Bank has also introduced dedicated Freelancer Accounts to support Sri Lanka’s expanding freelance and digital services sector with tailored financial solutions.

Commercial Bank, the country’s largest private sector lender and the largest lender to the SME sector, operates more than 270 branches across Sri Lanka and maintains an international presence in Bangladesh, the Maldives, Myanmar and Dubai.