PayPal Launches New Local Service and Currency for Australian Users

SAN JOSE, Calif.--Jan. 20, 2005--PayPal, a global online payment service, launched a new PayPal site in Australia and introduced the Australian Dollar as an additional currency to its service.

PayPal's new Australian site ( offers content and payment options customized for account holders in Australia. will be integrated on eBay Australia in the coming weeks, making buying and selling on eBay (Nasdaq:EBAY) even easier, safer and more convenient for Australian users. Because PayPal has more than 63 million accounts in 45 countries, it will be even easier for Australians to buy and sell with other users around the world.

Earlier this month, PayPal also added the Australian Dollar to the range of currencies offered on its global service, which includes U.S. Dollars, Canadian Dollars, Euros, Pounds Sterling and Japanese Yen. Australian users can now send and receive payments in Australian Dollars, eliminating the need to convert currency and pay costly exchange fees for purchases or sales.

"We're very excited to launch new services that further enable PayPal users in Australia to participate in global e-commerce," said Mathias Entenmann, vice president of PayPal's international business. "PayPal continues to expand internationally in order to provide our customers around the world with a safe, easy and cost-effective online payment solution."

About PayPal

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 63 million account members and is available to users in 45 countries around the world. More information about the company can be found at

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