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Stock impact report

PayPal Just Achieved Something None of Its Competitors Have Done [The Motley Fool]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: The Motley Fool
PayPal Just Achieved Something None of Its Competitors Have Done PayPal ( NASDAQ:PYPL in China PayPal's acquisition of GoPay, also known as Guofubao Information Technology Co., is expected to close in the fourth quarter of this year, and is being carried out through PayPal's China-based subsidiary, Yinbaobao Information Technology (Shanghai) Co., Ltd. The financial details of the deal weren't disclosed. Image source: Getty Images. PayPal CEO Dan Schulman said in an online statement: We are honored to become the first foreign payment platform to be licensed to provide online payment services in China. We look forward to partnering with China's financial institutions and technology platforms, providing a more comprehensive set of payment solutions to businesses and consumers, both in China and globally. PayPal being the only foreign payment processing platform that's allowed to operate in China gives the company a potentially significant advantage over its competitors as the country's o Show less Read more
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