PayPal has unveiled its new platform, PayPal Complete Payments, aimed at supporting Chinese businesses in their global expansion. The launch is expected to significantly impact the financial brokerage industry, offering enhanced tools for Chinese brokers to streamline cross-border transactions and expand their reach in global markets.
During a conference attended by over 700 Chinese merchants and business partners, PayPal introduced the all-in-one platform, which integrates customized solutions for cross-border payments. The platform simplifies payment and receivables processes, offering merchants of all sizes faster access to funds and enhanced reporting features.
For Chinese brokers, the platform promises to drive growth by improving payment experiences and expanding access to PayPal’s global user base, which spans 200 countries and more than 100 currencies. With over 400 million active PayPal users, brokers can now more easily connect with international clients, boosting their global footprint.
The platform also features advanced risk management tools, including AI-powered fraud detection, a vital asset for brokers handling high-value cross-border transactions. As China’s payment industry continues its rapid expansion, PayPal’s partnerships with leading Chinese financial institutions and technology platforms will further empower brokers. These collaborations aim to localize solutions, enabling brokers to better navigate the complexities of cross-border payments and grow their businesses on the global stage.
“Bridging Chinese businesses with consumers around the world”
Suzan Kereere, President, Global Markets, PayPal, said: “We are excited to bring PayPal’s Complete Payments solution to China, empowering businesses with secure, seamless cross-border transactions and helping them tap into global markets. This launch marks a significant milestone in PayPal’s mission to revolutionize commerce globally, bridging Chinese businesses with consumers around the world in a more efficient and transparent way.”
Hannah Qiu, Senior Vice President, China CEO, PayPal, said: “As of date, PayPal has facilitated the global expansion of many Chinese businesses. With PayPal’s unique two-sided network and technological advantages, we will continue to enhance and optimize the system and product capabilities of PayPal China, empowering Chinese merchants to expand business globally through more diversified cross-border payment solutions.”
Michelle Gill, Executive Vice President, General Manager, SMB and Financial Services, PayPal, said: “Small and medium enterprises (SMEs) play a significant role in global trade. Their growth is one of the crucial factors in enhancing economic resilience and market vitality. PayPal is committed to helping SMEs integrate into the global economy through technological innovation. By offering convenient and seamless payment experiences and continuously upgraded solutions, we not only help significantly boost conversions but also help SMEs build trust with their customers and provide diversified payment options.”
Tamara Niesen, Chief Marketing Officer at WooCommerce’s, commented: “As one of the first e-commerce platforms to bring PayPal Complete Payments to China’s merchants, we are thrilled to support their expansion into global markets. This partnership delivers a tailored user experience for WooCommerce merchants, enabling cross-border businesses to confidently scale with PayPal’s advanced solutions.”
