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

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