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PayPal Expands Payment Services In China
November 22, 2007 |
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Long thought dead in China, online payment service provider PayPal says that it will cooperate with China International Travel Service to offer a new payment service on CITS' website.
With this cooperation, clients of CITS can easily fulfill a payment by using their personal PayPal accounts, a debit card, a bank account or a credit card. Stephanie Tilenius, vice president and general manager for merchant services at PayPal, says that PayPal is an ideal payment solution for such a business as CITS that owns clients throughout the world. Tilenius says that PayPal currently provides payment services in 17 kinds of currencies in 190 countries and regions across the world.
Liu Guixiang, vice president of CITS, believes that PayPal has brought much convenience for clients of CITS. Liu says that CITS hopes to offer more convenient services for PayPal users and CITS clients around the globe by enabling them to use their PayPal accounts to book travel products on CITS' website.
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Can you give me a list fo the internet payment providers in China that compete with Paypal? I read that AliBaba.com has a payment platform but is this true and what type of competition exists? Is there any indication of credit card usage statistics too?