PAYPAL Officially Enters Chinese Market Through GOPAY
Today, the People’s Bank of China approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co., Ltd.). Thus, once this deal is over, it will make PayPal the first foreign payment platform in the Chinese market. GoPay has licenses for online and mobile transactions. It mainly provides payment products for e-commerce, cross-border commerce, aviation tourism,…
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