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

"Before, if a buyer was from outside Taiwan, there was...

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