PayPal to speed up localization steps

US-based online payment company PayPal is intensifying efforts to expand its footprint and accelerate localization in the Chinese market.

It is also facilitating the business expansion of Chinese merchants globally by enabling them to tap into the immense opportunities arising from the cross-border digital payment sector.

Hannah Qiu, senior vice-president of PayPal and CEO of PayPal China, said in an interview with China Daily that the rapid growth of digital trade and cross-border e-commerce is reshaping global business. "China is definitely a very important market for PayPal, and all the merchants here are in the center of the new innovation."