Paypal Has Expanded Services… On a Massive Scale
Amit Chowdhry | Saturday October 14, 2006 | 519 views
Paypal, the online payment application for eBay Inc. (NASDAQ:EBAY), has massively expanded to other markets globally. PayPal now supports online transactions with 10 new currencies. Now PayPal customers can use the service in 17 different currencies and in 103 new markets. These countries include the Philippines, Indonesia, and Vietnam.
“International expansion is a key part of PayPal’s growth strategy, and we are thrilled to expand our services to 103 markets and support 17 currencies worldwide” stated Senior VP of PayPal, Dana Stadler in a press release. “With these new offerings, PayPal continues to make domestic and cross-border trading easier and more convenient for its millions of customers around the globe.”
PayPal has added the following 10 currencies:
- Hong Kong Dollar,
- Danish Krone,
- Hungarian Forint,
- Czech Koruna,
- New Zealand Dollar
- Norwegian Krone,
- Polish Zloty,
- Singapore Dollar,
- Swedish Krona, and
- the Swiss Franc
These currencies are added on to the currently supported currencies: The US Dollar, Euros, Pounds, the Canadian Dollar, the Japanese Yen, the Australian Dollar, and Chinese RMB.
PayPal currently boasts 114 million customers and with these new currencies, the company will undoubtedly grow a lot more. Speaking of PayPal, how bout’ dem PayPal alumni?!
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