A letter is circulating on social media with the headline reading, “All forms of online payments are prohibited.”
“The Central Bank of Sri Lanka has decided to ban all online payment facilities using debit cards in Sri Lanka with immediate effect due to the dollar shortage in Sri Lanka.”
Further, it was mentioned in a letter “This will also deprive the opportunity to pay for foreign examinations, degree courses etc. conducted in the country.”
Technical research conducted on this revealed that the Central Bank of Sri Lanka has not imposed any new restrictions regarding the usage of credit cards and debit cards and that cardholders are allowed to use their own cards for transactions. Residents outside Sri Lanka can make payments on private mobile transactions too.
A statement issued by the Central Bank of Sri Lanka (CBSL) has informed the public that some banks have introduced restrictions on the use of electronic money transfer cards to prevent misuse of the cards and to prioritize transactions according to the prevailing foreign exchange status of the respective banks. The Central Bank of Sri Lanka (CBSL) has confirmed that the rumors circulating stating that all forms of online payments have been stopped are untrue.
However, the conditions for mobile transactions are valid on No.2021 dated 18.03.2021 and the conditions for the electronic money transfer card are valid on No.03 in 2021 dated 18.03.2021.
Conditions for Mobile Transactions based on No. 02 of 2021 dated 18.03.2021- https://bit.ly/3zcJOkr