October 13, 2006, 12:00 AM

PayPal adds 10 currencies and 48 new markets

PayPal Inc. now supports payments in 10 new currencies, allowing customers to send, receive, and hold funds in 17 currencies worldwide. It also added 48 new markets in which local residents can use PayPal to send money online.

 

PayPal Inc. now supports payments in 10 new currencies, allowing customers to send, receive, and hold funds in 17 currencies worldwide, the company announced today. The currencies added are the Czech koruna, Danish krone, Hong Kong dollar, Hungarian forint, New Zealand dollar, Norwegian krone, Polish zloty, Singapore dollar, Swedish krona, and Swiss franc

PayPal also added 48 markets in which local residents can use PayPal to send money online, including Indonesia, the Philippines, Croatia, Fiji, Vietnam and Jordan.

“International expansion is a key part of PayPal’s growth strategy, and we are thrilled to expand our services to 103 markets and support 17 currencies worldwide,” says Dana Stalder, senior vice president. “With these new offerings, PayPal continues to make domestic and cross-border trading easier and more convenient for its millions of customers around the globe.”

PayPal, a subsidiary of eBay Inc., has 114 million accounts globally. In the second quarter, PayPal’s payment volume totaled $8.9 billion.

 

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