PayPal Expands Presence
Wednesday, 17th March 2010
To grow its business in Singapore, PayPal has tied up with the country's largest bank Development Bank of Singapore (DBS) in a two-year exclusive deal. DBS currently has an internet banking customer base of about 1.3 million customers, giving its about 35 per cent market share of banking business in Singapore. The agreement allows four million DBS and POSB customers to shop online by using their bank accounts to fund their PayPal accounts.