Shenzhen, China, September 26, 2024 — PayPal has introduced PayPal Complete Payments, an integrated platform designed to support Chinese merchants in expanding their reach globally. This platform offers a range of customized products and solutions to streamline payment processes and empower businesses of all sizes in China to succeed in cross-border trade and the digital economy.

Today, PayPal’s global and China management teams engaged with over 700 merchants and partners from across the country. They shared insights into PayPal’s global and local business strategies, cross-border payment solutions, industry trends, and specific initiatives aimed at driving business growth for Chinese merchants.

Suzan Kereere, President of Global Markets at PayPal, expressed excitement about bringing PayPal’s Complete Payments solution to China. She emphasized the importance of secure and seamless cross-border transactions in helping Chinese businesses tap into global markets more efficiently.

Hannah Qiu, Senior Vice President and China CEO at PayPal, highlighted the company’s commitment to enhancing the capabilities of PayPal China. She emphasized the role of PayPal’s two-sided network and technological advantages in empowering Chinese merchants to expand globally through diverse cross-border payment solutions.

Enhancing Conversion Rates with Advanced Cross-Border Solutions

Michelle Gill, Executive Vice President and General Manager of SMB and Financial Services at PayPal, emphasized the significant role of small and medium enterprises (SMEs) in global trade. She highlighted PayPal’s commitment to helping SMEs integrate into the global economy through technological innovation, offering convenient payment experiences and upgraded solutions to boost conversions and build trust with customers.

PayPal will gradually introduce new features with PayPal Complete Payments to fully support Chinese businesses in cross-border transactions. The platform provides access to a vast global user base, optimized payment experiences, fast cross-border money transfers, and robust risk management and fraud detection tools.

Driving Industry Growth through Strategic Partnerships

PayPal is dedicated to revolutionizing commerce globally through personalized services and continuous innovation in payment solutions. The company collaborates closely with leading financial institutions and technology platforms in China to develop user-friendly products tailored to the needs of Chinese merchants.

By partnering with e-commerce platforms such as Shoplazza, Shopyy, Ueeshop, BigCommerce, and WooCommerce, PayPal aims to provide a tailored user experience for Chinese merchants looking to expand into global markets. These partnerships enable cross-border businesses to scale confidently with PayPal’s advanced solutions, supporting Chinese businesses in achieving greater success on the global stage.