PayPal Beefs Up Asia Pacific Operations

| About: eBay Inc. (EBAY)

EBay’s PayPal said it will double the number of employees in Asia Pacific to 2,000 by the end of the year as it chases more growth in the region.

PayPal said it would ad jobs in Australia, China, Hong Kong, India, Japan, Singapore and Taiwan. PayPal’s international headquarters will be in Suntec City, Singapore and focus on technology, product development, infrastructure, risk and engineering.

In 2009, PayPal processed $6 billion in total payment volume in Asia Pacific, up 38 percent from a year ago. PayPal will also launch its mobile payment software development kit (SDK) for Asia Pacific developers.

PayPal, the growth engine of eBay (NASDAQ:EBAY), also forged partnerships with China UnionPay and DBS Bank.

EBay CEO John Donahoe is betting that PayPal can grow on a global scale. Among the key slides from Donahoe’s February presentation in the UK:

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