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November 02, 2011

PayPal Expands Presence in Southeast Asia
By Ashok Bindra
TMCnet Contributor

Aiming to expand its global presence, US-based online payment giant PayPal (News - Alert) has opened its first Southeast Asian operations center, according to Yahoo! News. This is the latest in a string of similar offices around the globe, wrote Yahoo! News.



As per the report, the new operations center is located in Kuala Lumpur, Malaysia, where it plans to add 300 new jobs by the end of 2013. Presently, it has a supporting staff of 200 employees in Malaysia's capital. It will offer customer support in different languages as well as fraud monitoring and prevention, the company said.

In a statement, commented John McCabe, PayPal’s senior vice president of global operations, "We couldn’t be more pleased to open this new facility in Malaysia to help support our growth and better serve our customers in Asia and around the world."

Meanwhile, a blog post stated that PayPal owner eBay (News - Alert) had a strong third quarter. On the earnings call with investors, the company reported growth in PayPal’s total payment volume, which was $29.2 billion for the quarter. PayPal president Scott Thompson said, “I’m most excited about the fact that we continued to add about a million active accounts per month, with more than 103 million active accounts in 190 markets globally.”  

 “We now expect mobile payment volume to exceed $3.5 billion this year – five times the volume we did on mobile phones in 2010.  And with acquisitions such as Zong (News - Alert) and expansion of mobile express checkout, PayPal is using innovation to provide even more convenience, security and choice,” added Thompson.

With six other operations centers in Shanghai, Berlin, Dublin, Sao Paulo and two in the United States, the California-based company has more than 103 million active accounts in 190 markets worldwide.


Ashok Bindra is a veteran writer and editor with more than 25 years of editorial experience covering RF/wireless technologies, semiconductors and power electronics. To read more of his articles, please visit his columnist page.

Edited by Rich Steeves

 

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