PayPal to enter China through GoPay acquisition

PayPal to enter China through GoPay acquisition

30th September 20190Byadmin

The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co. (GoPay), Ltd.), which will make PayPal the first foreign payment platform to provide online payment services in China. GoPay has licenses for online and mobile tran…

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