(MENAFN) A senior executive of PayPal, the global online payment giant said the company expects great growth in the Chinese marker with further growth, Xinhua reported.
The company has mainly focused on two categories of users in China, Chinese merchants trying to reach overseas customers, and Chinese consumers buying from overseas sellers.
China tops the world's export markets with a large number of merchants selling fashion, electronics, accessories and others to anywhere globally. It also has a huge middle class who buy from abroad.
"China is a huge and very important market, with the growth rate of 35 to 40 percent in online payment," PayPal's Vice President of Asia Pacific told Xinhua in an exclusive interview.
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