PayPal to enter Vietnam market?

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Thursday, March 18. 2010

According to AP, PayPal, the online payments unit of Internet auction site operator eBay Inc., plans to double its staff in Asia to 2,000 by the end of the year.
PayPal will tie up with China UnionPay, Chinese largest provider of electronic payment services, to allow consumers in China to buy from a network of nearly eight million online merchants worldwide.

In Vietnam, PayPal parent eBay local partner chodientu.vn helps Vietnamese customers to participate in international trade. Chodientu.vn' online payment platform nganluong.vn is still in its infancy among many children in online payment market in Vietnam. So far there is no dominant player in the industry and Vietnamese customers are hesitate to pick a premature service provider.

PayPal has been talking to State Bank of Vietnam (SBV) on regulations, business cooperation opportunities. If a local player becomes a PayPal partner, it will pull a large number of Internet users and etailers, and contribute greatly to the new development of e-commerce in Vietnam.

Posted by Jason at 10:46 | Comment (1) | Trackbacks (0)

Defined tags for this entry: chodientu, Ebay, ngan luong, paypal

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associates to development is a wise strategy, especially in the context of e-commerce in Vietnam is currently in development phase & no more breakthrough

#1 ducnt (Homepage) on 2011-01-06 11:44 (Reply)

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