Paypal Opens Asian Account
PayPal, will look to grow its Asian business by wooing online merchants to provide its payment service, an executive said on Tuesday. The firm expects revenue from international markets, which made up 43 per cent of its third-quarter revenue, to overtake its North American market in 2008. “We do see Asia as a big growing market for us for a number of years to come,” Chief Technology Officer Scott Thompson told Reuters, at the sidelines of PayPal’s launch of its international headquarters in Singapore. More here.