Paypal, the lucrative branch of Ebay which allows individuals and businesses to pay online using different methods of payment, is looking to the Asia-Pacific region to grow e-commerce.
The latest figures from Informa Research show that in this region, buying products online with a handheld device is to go up to $139,000 billion USD in 2012, with the key markets being Japan and Korea. The rapidly expanding use of smartphones is credited for this growth in use.
To cope with the higher workload, Paypal has plans to double employees in the offices of Australia, China, Hong Kong, India, Japan, Taiwan and Singapore by the end of the year.
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Tags: Asia-Pacific, Ebay, Paypal, Singapore, smartphone
