Seeking Alpha

PayPal enters 10 new countries

  • PayPal (EBAY) is expanding today into 10 new countries in sub-Saharan Africa, Eastern Europe and Latin America. The expansion brings the total amount of territories PayPal serves to 203.
  • Countries include: Belarus, Macedonia, Moldova, Monaco, Montenegro, Nigeria, Cameroon, Ivory Coast, Zimbabwe, and Paraguay.
  • Customers that have web access and a bank card authorized for Internet transactions in the new regions will now be able to sign up for accounts.
  • The company reported revenue of $1.8B for the first quarter of 2014, and 148M active accounts worldwide.
Comments (5)
  • leopardtrader
    , contributor
    Comments (1321) | Send Message
     
    Very very good news for Ebay in the short term. Spin off Papal and this thing will fly ! Sack John D
    17 Jun 2014, 03:26 AM Reply Like
  • Seeker137
    , contributor
    Comments (339) | Send Message
     
    @leopardtrader, agreed. PayPal needs to be spun off. Icahn needs to "change his mind" and come back into the ring swinging, LOL.
    17 Jun 2014, 09:25 AM Reply Like
  • Seeker137
    , contributor
    Comments (339) | Send Message
     
    @leopardtrader, agreed. PayPal needs to be spun off. Icahn needs to "change his mind" and come back into the ring swinging, LOL.
    17 Jun 2014, 09:26 AM Reply Like
  • 1987kevin
    , contributor
    Comments (22) | Send Message
     
    Icahn is probably already offloading shares.
    17 Jun 2014, 10:02 PM Reply Like
  • 16247402
    , contributor
    Comments (29) | Send Message
     
    Looks like the same countries the USPS just dropped delivery confirmation on for shipments.
    Nigerian PayPal accounts. Now the Great Scam Circle is complete.
    18 Jun 2014, 05:37 PM Reply Like
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