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Paypal considers Internet payment business in China

22. March 2012
Today, Paypal services are used by Chinese businesses for their transactions with foreign companies.
Paypal considers Internet payment business in China

One of the world's largest online payment companies, Paypal, owned by the Ebay platform, has begun the corresponding formalities with the Chinese regulators to operated on the Asian ‘giant's’ market.

Today, Paypal services are used by Chinese businesses for their transactions with foreign companies. The company's goal is to make its payment service available for domestic transactions as well.

Chinahas one of the world's largest electronic marketplaces. With over 193 million users, the online sales business volume for 2012 is expected to reach 750 billion yuans (€90.36 billion, approximately), while in 2015 it is expected to be the country with the online market that moves the most money on the planet.

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