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Merchants turn to PayPal

06 March 2014 4:36PM
PayPal has provided a few more crumbs of data on its business in Australia.Simon Banks, director of enterprise at PayPal Australia told a retail industry forum yesterday that it had 100,000 Australian merchants, twice as many as a year ago.The introduction of PayPal Here, a device linked to a smartphone application that turns the phone into a payment terminal, may be behind the increase in merchant numbers.Banks also said PayPal had more than 5.5 million active Australian account holders.Two years ago it said it had 3.6 million active account holders.

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