PayPal acquired a 30% stake in Gopay, a Chinese provider of electronic payment services, a little more than a year after purchasing 70% of the same company, making it the sole owner.
In August 2020, PayPal named Chinese fintech executive Hannah Qiu as senior vice president and chief of the China region, responsible for formulating PayPal’s long-term growth strategy in the country. The appointment came seven months after PayPal partnered with China’s state-owned bank card issuer UnionPay in a deal that to enable some UnionPay cardholders to access PayPal’s network.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now