Paypal Appoints New Head of Asia Pacific

PayPal, an eBay company, today announced that it has hired Farhad Irani to lead the company’s business in Asia Pacific. Reporting to Philipp Justus, PayPal’s senior vice president of global markets, Farhad will manage PayPal’s domestic and cross border business in all of Asia Pacific. Farhad will be based out of PayPal’s international headquarters in Singapore.

Asia Pacific is one of PayPal’s fastest growing regions with more than 12 million PayPal accounts. PayPal currently offers its services in five Asian languages including Indonesia Bahasa, Japanese, Thai, and simplified and traditional Chinese. The service supports payments from 190 markets in 19 global currencies, including local currencies such as the Australian Dollar, Hong Kong Dollar, Japanese Yen, Chinese RMB, New Zealand Dollar and Singapore Dollar.

“Currently 45 percent of PayPal revenues come from outside of the US, and we expect the business to continue to grow in the coming years,” said Philipp Justus, senior vice president of global markets at PayPal. “We’re thrilled to welcome Mr. Irani as an industry veteran with the local market expertise to unleash PayPal’s potential in Asia Pacific.”

Farhad joins PayPal from Standard Chartered in Singapore where he was global head of credit cards and personal loans. A native of India, Farhad has more than 25 years of experience in retail banking and credit cards and has lived and worked in Hong Kong, India, Indonesia, Korea and Japan prior to settling in Singapore.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send and receive payments without sharing financial information, with the flexibility to pay or get paid using a variety of secure payment options, including account balances, bank accounts (in approved countries), credit cards or promotional financing. With more than 70 million active accounts in 190 markets and 19 currencies around the world, PayPal enables global ecommerce.

In the U.S., PayPal is the most preferred payment service on the Web after Visa. In the UK and Australia, PayPal is the most preferred payment service on the Web. (Source: PayPal Brand Tracker Q4 08 and Nielsen Consumer Report 2H 2008)

PayPal’s Total Payment Volume, the total value of transactions in 2008 represented nearly 9 percent of global e-commerce. (based on Forrester estimates of US e-commerce with the addition of eBay Inc. internal metrics totaling $256B)

PayPal is headquartered in San Jose, California. Its international headquarters (PayPal Private Limited) are located in Singapore.

PayPal is an eBay company. More information about the company can be found at www.paypal.com.

Media Contacts:

Rishar Ravi Raj

+91-98198-25369

rishar.raviraj@adfactorspr.com

Adfactors PR Pvt. Ltd.

• How Exactly Forex Automatic Robot Helps With Trading? Forex magic machines have 3 main advantages and we will analyze them in this article. We will also look at some other points that will help you choose your successful forex magic machine. Forex automatic robot can help in three main ways that go as follows. 1. They perform analysis......
• Marina Bay Sands Project To Be Completed 1st Quarter 2011 All phases of Las Vegas Sands Corp.'s (LVS) Marina Bay Sands project in Singapore will be completed by the first quarter of 2011, a company executive said Tuesday. Marina Bay Sands Chief Executive Thomas Arasi said the casino resort, which opened its doors with its first phase on April 27,......
• Using Article Marketing for a Blog One of the most popular things on the Internet today is blogging. In fact, if you notice the trends over the past few years, bloggers have gotten a bit of notoriety and attention even in the news. Bloggers are becoming quite an influential group in the news category and for......
• NCAA Men's Division I Basketball Championship - Facts [/caption] The NCAA Men's Division I Basketball Championship is a single elimination tournament held each spring in the United States, featuring 65 college basketball teams, both conference champions and at-large selections. The tournament, organized by the National Collegiate Athletic Association (NCAA), was created in 1939 by the National Association of......
• How To Choose Your Forex Broker Today, savings are not an option anymore - it is a necessity. There are a lot of ways of having your savings - you can put them in your bank or you can invest them into stock markets. In fact, it only gives you an alternative, but if you use......