Security concerns raised over PayPal

The Government today cited security concerns for the delay in introducing the PayPal payment gateway to Sri Lanka.

Cabinet co-spokesman Minister Udaya Gammanpila said the Government has refrained from introducing PayPal to Sri Lanka due to two main reasons.

One key reason is the possibility of the PayPal payment gateway being used for transactions by terrorists. The second is the drug menace in the country.

Gammanpila said that Sri Lanka has become the central point for drug smuggling and may be used as a hub for money laundering in the future as a result.

Minister Gammanpila further said the Government is engaged in tackling the drug menace in Sri Lanka and once these two key issues are addressed and eliminated, the Government will look at introducing the PayPal payment gateway in Sri Lanka.

He added that as a technical engineer himself, it was his personal view that the payment gateway should be introduced to Sri Lanka. (Colombo Gazette)

2 COMMENTS

  1. This is a great move, boost to small and medium scale sellers who can do ebusiness through ebay etc, in India this facility introduced way back and there very strict monetary policies existing but if country benefits they relax to great extent thus many people got the benefit.

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