Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news

Breaking-Finance.Com - PayPal has taken complete ownership of GoPay, making it the first foreign firm to have 100% control of a Chinese payments platform, according to Reuters.

Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news

Breaking-Finance.Com - PayPal has taken complete ownership of GoPay, making it the first foreign firm to have 100% control of a Chinese payments platform, according to Reuters.

Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news
14 January 2021 - 20:00

Breaking-Finance.Com - PayPal has taken complete ownership of GoPay, making it the first foreign firm to have 100% control of a Chinese payments platform, according to Reuters. PayPal became the first foreign firm to get an online payments license in China in 2019 after buying a 70% stake in Guofubao Information Technology Co (GoPay).

.The US giant has now bought the remaining 30% stake, says Reuters, taking full control of a small player in a massive market dominated by Alipay and WeChat Pay.

Source = Breaking-Finance.Com

Financial breaking news

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Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news


Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news


Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news


Finance Breaking news PayPal takes full ownership of Chinese payments business last financial news

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