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Bell peppers are not called paprika; rather, they are the primary ingredient used to make paprika. The confusion may arise from the fact that both bell peppers and paprika are derived from the same species of plant, Capsicum annuum. However, the process of turning bell peppers into paprika involves drying and grinding the peppers into a fine powder, resulting in the popular spice known as paprika.

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I would highly recommend using fresh Thai red chillies (the smaller variety) if you can find them. They deliver that flaming red color and leave behind that spicy tingle on the tongue, usually associated with Asian sweet chilli sauce. Thai red chillies are spicy though, so be careful.