Online payment company PayPal today announced it has been granted a European Union banking license by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective 2 July 2007.
Under this new charter, PayPal will be able to offer its services to more online merchants across Europe. In addition, PayPal will be moving its European headquarters to Luxembourg.
PayPal has more than 35 million accounts, and is offered on more than 100,000 websites in Europe. In 2006, PayPal processed $8.4 billion of total payment volume in Europe.
PayPal has local language websites in 15 countries including Austria, Belgium, France, Germany, Italy, Spain, Ireland, the Netherlands, Poland and the UK. To encourage local and cross border e-commerce, PayPal also supports payments from 190 markets in 17 currencies including Euros, Pounds Sterling, Czech Koruna, Danish Krone, Hungarian Forint, Norwegian Krone, Polish Zloty, Swedish Krona, and Swiss Francs
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2007-07-11 12:33
OTyET
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paypal
simpy
