Paypal to expand into China by end of year

[grobe]

[Hopefully Paypal will expand to cover the whole world.]

Online auctioneer eBay Inc. said on Wednesday its plans to launch its PayPal payment service in China by the end of this year, joining a growing list of electronic payment services in the market.

"It will happen within this year, but no date has been announced," an eBay spokesman told Reuters. "We will have an announcement event when there are more details."

[news.yahoo.com...]

[pp_rb]

The PayPal China site is now available at PayPal (dot) cn.

[Shak]

Meg Whitman is spending the summer in China, so am sure lots more news coming outta the eBay/paypal camp in Shanghai :)

Shak

[shri]

Would be interesting to see if ebayPal now takes a stake in a shipping company to allow their globalsources partners to ship direct to the 'C's in Europe and the USA. :)

[Help4Hosters]

I wish, PayPal started working in Ukraine as well. I agree, China is a great market for online payments, but former USSR also comes into global market. And has to use 2Checkout :-)