Pay Pal executive in Sri Lanka for talks

ECONOMYNEXT – A top executive from Pay Pal, an internet firm that processes digital and mobile payments, is to visit Sri Lanka for talks Wednesday, Minister of Telecommunications and Digital Infrastructure Harin Fernando said.

Pay Pal’s Asia chief based in Hong Kong will meet Finance Minister Ravi Karunanayake and central bank governor Arjuna Mahendran, Fernando told a news conference.

He said the government wants companies like China’s Alibaba and eBay, which owns Pay Pal, to offer their services in the island to encourage entrepreneurs to develop their own products and services.

E-commerce platforms will enable small businesses to connect with consumers more easily and cheaply, he said.

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