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PayPal partners with Shopmatic to facilitate cross border transactions

16-January-2016
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PayPal partners with Shopmatic to facilitate cross border transactions

Open digital payments company, PayPal, has entered into a strategic partnership with Shopmatic, an international ecommerce company that manages the entire ecosystem for online sellers. The partnership will enable merchants of Shopmatic to expand their global footprint backed by the flexibility, convenience and security offered by PayPal.

 Hamish Moline, Vice President, Regional Merchant Services and Southeast Asia, PayPal APAC said, “We are happy to announce Shopmatic as our first Indian partner to enable online commerce. The emerging digitization has had a strong impact on not only taking SMEs online domestically but enabling their ambitions globally. PayPal is a pioneer in cutting edge payment solutions and we are actively pursuing opportunities for partnering with like-minded brands to offer innovative solutions targeted towards entrepreneurs who are tech-savvy and more aware.”

 Anurag Avula, CEO, Shopmatic Group commented, “Managing payments is one of the biggest challenges for small and medium enterprises.  We are delighted to partner with PayPal to enable cross border trade for Indian sellers making it easier for merchants to accept payments from customers outside India. With the significant opportunity of over 51 million small and medium businesses, we believe that this association will provide a platform for businesses to grow their business in the global marketplace.”

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