PayPal Holdings Inc. said it’s joining with China UnionPay Co. in the digital-payments company’s latest global push to find more customers and better position itself in cross-border e-commerce.
Merchants in European countries will be able to accept payments from UnionPay credit and debit cards through PayPal’s Braintree platform designed for mobile commerce, San Jose, Calif.-based PayPal said Thursday in a statement. Adding a familiar payment option is a key step to enabling cross-border e-commerce, so the partnership will increase PayPal’s appeal to European merchants looking to reach Chinese shoppers.
