paypal-expands-online-electronic-payments-to-taiwan-smes

PayPal expands online electronic payments to Taiwan SMEs

Taiwantrade eases payment hassles for small businesses by implementing PayPal.
 Kerry Wong, PayPal
Kerry Wong, PayPal

Online electronic payment provider PayPal has inked a partnership with Taiwanese trade promotion organisation Taiwantrade that will help the island's small and medium-size enterprises SMEs expand into cross-border trade.

Under the agreement, California-based PayPal will become the first online payment option in Taiwantrade's business-to-business e-marketplace when it goes live later this month. This will allow overseas buyers to purchase samples from local suppliers electronically payments previously had to be made by either cheque, wire transfer or the supplier would simply eat the cost of shipping samples.

The firms estimate that the new service will result in a 14% rise in sales value at Taiwanese SMEs.

...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222