This follows the approval of the transaction by the People's Bank of China on 30 September 2019. With the close of the deal, PayPal is the first foreign payments platform licensed to provide online payment services in China. Deal terms have not been disclosed.
GoPay has licenses for online and mobile transactions, and it provides payment products for industries such as ecommerce, cross-border commerce, and tourism. GoPay allows merchants to accept payments on their websites when customers are shopping online.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now