PayPal has become the first foreign firm to fully pay business in China

PayPal has become the first foreign firm to fully pay business in China
Source: Google                         PayPal has become the first foreign firm to fully pay business in China

US fintech platform PayPal has become the first foreign firm to have 100% control of the payments business in China.  PayPal recently bought the remaining 30% stake in China's GoPay, acquiring a 70% stake in it a year earlier.  In 2019, PayPal stated that its initial focus in China is to provide cross-border payment solutions to Chinese consumers.

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