PayPal becomes first foreign company to provide digital payments in China


Source: thepaypers.com

Key Topics in this News Article:

News Snapshot:

PayPal becomes first foreign company to provide digital payments in China 11 CET | News US-based fintech PayPal has completed a stake acquisition deal of Gopay , making it the first foreign company to offer digital payment services in China. PayPal acquired a 30% stake in Gopay, a Chinese provider of electronic payment services, a little more than a year after purchasing 70% of the same company, making it the sole owner. In August 2020, PayPal named Chinese fintech executive Hannah Qiu as senior vice president and chief of the China region, responsible for formulating PayPal’s long-term growth strategy in...