December 20 - 09:12
PayPal closes GoPay acquisition
PayPal has finalised its acquisition of Chinese payments firm GoPay. First announced in November, the buyout will allow PayPal to expand in the crucial Chinese market. It will be the first foreign platform to provide payment services in the country. GoPay has built a product portfolio focused on industries such as tourism and e-commerce. Dan Schulman, PayPal CEO, said this was "an important step".
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