市场见解

PayPal will target cross-border payments in China

This fintech company is expanding into the world’s largest payments market.
The post PayPal will target cross-border payments in China appeared first on The Motley Fool Australia. –

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

PayPal building

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

In an interview with CNBC, PayPal (NASDAQ: PYPL) revealed plans to develop a digital wallet in China, the world’s largest payments market. This comes after PayPal completed its acquisition of GoPay in December, making it the first and only foreign enterprise to operate a China-based payments company.

For the last several months, the fintech company has kept quiet about its plans in the country. But the China CEO for PayPal, Hannah Qiu, recently shed some light on the situation. Specifically, Qiu said the company won’t compete against giants like Ant Group’s Alipay and Tencent Holdings‘ WeChat Pay, which have a collective user base that exceeds 1 billion.

Instead, Qiu explained that PayPal is working in cooperation with local payment companies, though she didn’t mention any names. She added, “What we need to do is to build a bridge, bringing good Chinese products overseas and taking good overseas products back to China.” In other words, PayPal’s new wallet will target cross-border payments.

This differs slightly from CEO Dan Schulman’s commentary during the most recent earnings call. At the time, Schulman said PayPal would first grow its cross-border business, then “slowly but surely add incremental services into the domestic market.” Either way, this could be a big opportunity for the fintech company. According to Statista, the business-to-business cross-border payments market in China should hit $875 billion in 2021.

That matters because PayPal primarily earns revenue as a percentage of the total payment volume (TPV). Last year, the company achieved record results, growing TPV 31% to $936 billion. That drove revenue to $21.5 billion. Even so, if this new product gains traction, PayPal could see a meaningful bump in TPV from its China business, and that could translate into meaningful top-line growth.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Trevor Jennewine owns shares of PayPal Holdings. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends PayPal Holdings and recommends the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool Australia has recommended PayPal Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post PayPal will target cross-border payments in China appeared first on The Motley Fool Australia.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!