Paypal Grows Ten-Fold In Australia

eBay’s online transaction service provider, Paypal has announced that the company’s growth has been on the up, down under. In a recent statement, the company has announced a ten-fold growth in the Australian market with close to 50% of Australia top 100 online retailers now using the Paypal platform as a payment option on the website.

Paypal has not revealed the time-frame for which the growth was measured. However, the company says that the terrific growth in the region will bring a new head for the Australia Merchant Services Division. Elena Wise, who previously served at American Express as the vice president of B2B will now be taking over as the head of merchant services division.

Paypal is noted to have over 30,000 online merchants from the market who serve over 3 million customers.

[via ITWire]