U.S. digital money transfer platform PayPal Holdings Inc has obtained Beijing�...
FILE PHOTO: The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch
Gopay Information Technology, PayPal’s acquisition target, has received approval from China’s central bank to sell a 70% stake to PayPal, both companies said on Monday. PayPal will make the acquisition through a subsidiary in Shanghai. No financial terms were disclosed.
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