SAN JOSE, Calif.--Jan. 14, 2005--PayPal continues its international expansion today by launching a new PayPal site in Italy, designed for Italian users. The new PayPal site (https://www.paypal.it) is written in Italian, with information customized for Italian PayPal account holders, and enables payments in Euros, the common currency in Italy.
PayPal.it will be integrated on eBay Italy in the coming weeks, making buying and selling on eBay (Nasdaq:EBAY) even faster, safer and more convenient for Italian users. Because PayPal is a global payment service with more than 56 million member accounts in 45 countries, the eBay integration will also make it easier for buyers and sellers in Italy to transact with millions of eBay and PayPal users around the world.
"PayPal's expansion in Europe is an important focus for our international growth strategy, which is to follow the eBay footprint around the world," said Mathias Entenmann, vice president of PayPal's international business. "We're excited to bring the PayPal service to Italy, where we've already seen demand from eBay users for a safe, easy and cost-effective online payment solution."
PayPal.it is an entity of PayPal (Europe) Limited. PayPal (Europe) Limited is regulated by the Financial Services Authority in the United Kingdom as an electronic money institution. PayPal enables payments in six currencies: U.S. Dollars, Canadian Dollars, Pounds Sterling, Euros, Japanese Yen and Australian Dollars.
Founded in 1998, PayPal, an eBay company, enables any individual or business with an email address to send and receive payments online securely, easily and quickly. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and uses one of the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution. PayPal has more than 56 million account members and is available to users in 45 countries around the world. More information about the company can be found at https://www.paypal.com/.