PayPal Expands Its Service for Mexico
Nov 18, 2008
Local Spanish-language Web Site Offers a Fast and Secure Way to Pay and Get Paid Online

SAN JOSE, Calif.--PayPal, a leading global online payment service, today announced the launch of PayPal for Mexico (www.paypal.com.mx), a new PayPal Web site for Mexican Internet users to confidently buy and sell online using Mexican Pesos. The service enables Mexican buyers to securely pay for their online purchases using their credit cards or bank accounts. Additionally, Mexican sellers can receive payments from PayPal’s large network of 65 million active members around the globe, as well as withdraw their balances directly to any local bank.

“PayPal’s goal is to provide consumers a secure, fast and convenient way to pay and get paid online and to give online shoppers in Mexico more places to shop quickly and securely,” said Fernando Moreno, director of PayPal Latin America. “The launch of PayPal Mexico is a significant step towards our next phase of growth.”

PayPal Mexico users will benefit from one of the world’s leading online payments systems. Because PayPal doesn’t share a customer’s sensitive personal or financial information with merchants, privacy is built into the service. Available in 190 countries around the world, PayPal gives consumers the ability to buy and sell online globally. PayPal users in Mexico can now shop at the millions of online retailers worldwide where PayPal is accepted including, Mixup, Sears, Match.com, Blockbuster, Best Day Travel, PlazaVIP, and PC en Linea.

The Peso is the first Latin American currency to be added to the PayPal system. PayPal enables payments in 19 currencies including the U.S. Dollar, Canadian Dollar, Australian Dollar, Euro, British Pound, Japanese Yen, Chinese Yuan, Czech Koruna, Danish Krone, Hong Kong Dollar, Hungarian Forint, New Zealand Dollar, Norwegian Krone, Polish Zloty, Singaporean Dollar, Swedish Krona, Swiss Franc and Israeli New Shekel.

About PayPal

PayPal is the safer, easier way to pay and get paid online. The service allows users to pay without sharing financial information and gives consumers the flexibility to pay, using their account balances, bank accounts, or credit cards. With 65 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company (Nasdaq:EBAY). More information about the company can be found at https://www.paypal.com.

PayPal is headquartered in San Jose, California. Its European headquarters are in Luxembourg and its international headquarters (PayPal Private Limited) are located in Singapore.

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