Sri Lanka will introduce PayPal online payment solution, once some national security issues are resolved, Co-Cabinet Spokesman Udaya Gammanpila stated.
Speaking at the cabinet media briefing yesterday (10), Gammanpila stated that as a Computer Engineer in profession, he strongly supports the establishment of this payment giant in Sri Lanka. But currently, there are two main reasons affecting this decision; terrorism funding and money laundering.
“Our Defense Secretary assured that terrorism which rose again during the previous government is being completely crushed.”
“Most of the black money comes from illegal drug businesses. Sri Lanka has become a drug hub during the past years. But, since the government is eradicating the illegal drug businesses in a speedy manner, once it is done we will be able to provide this facility. The drug business is done within the country through Ez cash, so if they have PayPal they can do business on an international level.”
“As a Computer Engineer in profession I strongly support the establishment of this payment giant in Sri Lanka. But, national security is the number one priority. We will introduce this online payment solution, once some national security issues are resolved,” he stressed.
Meanwhile, joining Ada Derana ‘Big Focus’ programme yesterday (10) Director of the Payments and Settlements Department of the Central Bank, D Kumaratunga also expressed the following.
“The Central Bank is continuing communication with regional PayPal officials to obtain the PayPal facility to Sri Lanka. They have informed us that once the COVID-19 Pandemic ends they will come to Sri Lanka in order to discuss this matter further,” he said.
Source From biz.adaderana
Author: Isma Izzath
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