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PayPal Expands Presence in Asia

Company announces new payment service and development center.

PayPal is expanding its reach around the world with two ventures that give it a greater presence in Asia, officials announced this week.

The first initiative is a partnership with Softbank, Japan’s third-largest mobile phone company. With it, the two companies will launch PayPal Here, a service that will allow Japanese businesses to accept credit, debit and PayPal payments through their smartphones. The second venture is a new development center in India that will house employees for both eBay Marketplaces and PayPal.

PayPal and Softbank are each expected to invest $12.5 million into PayPal Here. Similar services are already available in Australia, Canada, Hong Kong and the U.S., officials note.

“Our Softbank partnership and launch of PayPal Here will make it easier for millions of merchants in Japan to grow their businesses and for consumers to easily pay anytime, anywhere,” says eBay President and CEO John Donahoe. “We believe shopping and paying should be easy, and we’re excited to partner with Softbank to bring payments innovation to Japan and revolutionize commerce.”

More than 1,800 miles away, PayPal will add a new development center in Bangalore, India. That venture is expected to employ 1,000 people over the next three years. This would be the second development center in the country, officials say, noting that PayPal already has a development center in Mumbai.

“PayPal is growing at a phenomenal rate, globally, as we continue to execute on our bold vision of re-imagining money,” says Anupam Pahuja, PayPal’s general manager.

About the author

Olga Munoz
Olga Munoz is editor of TheOnlineSeller.com. In addition to writing news and feature articles about e-commerce, selling trends, online marketing and other topics of interest to online sellers, Olga manages the site's social media efforts. A journalism graduate of Chico State, Olga says her favorite part of being a journalist is learning interesting facts that help put stories into perspective, attending industry events and meeting interesting people "that leave you smiling, even in tough situations." Opinions expressed here may not be shared by The Online Seller and/or its principals.



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