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PayPal Takes 100% Ownership in Chinese Payment Processor GoPay – How It May Benefit US Online Merchants
Payments & Banking

PayPal Takes 100% Ownership in Chinese Payment Processor GoPay – How It May Benefit US Online Merchants

ByRichard Meldner January 13, 2021January 17, 2021

PayPal has become the first foreign third-party payment processor to take a 100% stake in a Chinese payments firm, following its acquisition of the remaining…

PayPal Investment in Indonesia Connects Millions of New Consumers to Its Network
Shipping & Logistics

PayPal Investment in Indonesia Connects Millions of New Consumers to Its Network

ByNewswire June 3, 2020

PayPal joins Facebook, Google, Tencent and others as investors in Indonesian online commerce startup Gojek. This new investment will support Gojek’s mission to boost Southeast…

PayPal is China’s First Foreign Payment Platform
Payments & Banking

PayPal is China’s First Foreign Payment Platform

ByNewswire January 6, 2020January 29, 2020

Fresh off its acquisition of Honey, PayPal has successfully closed the deal with China’s online payment service provider GoPay. The People’s Bank of China approved…

PayPal Enters China Market Through GoPay Acquisition
Payments & Banking

PayPal Enters China Market Through GoPay Acquisition

ByRichard Meldner September 30, 2019December 8, 2019

The People’s Bank of China has approved PayPal acquisition of a 70 percent stake in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a…

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