PayPal upbeat on PH market
Online payment solutions provider PayPal is optimistic about its prospects in the Philippines, its fastest growing market in Southeast Asia in terms of business and consumer sectors.
” It is the second largest market in Southeast Asia and as a proportion of Philippine population, Philippines has the largest proportion of freelancer in the world,” said Rahul Shinghal, general manager of PayPal Southeast Asia
The Philippines has about 1.5 million freelancers, while India has five million freelancers.
The PayPal Business App is a mobile application that offers merchants an easy way to manage their PayPal transactions wherever business take them. It allows merchants to review transactions, check balances in all currencies, send customized invoice to clients, track unpaid accounts and streamline their communications with clients at any time and place.
“We are establishing our first-ever Freelancer Community Program in the Philippines because it is one of the world’s most dynamic markets for freelancers and solopreneurs,” said PayPal Asia Pacific VP for marketing Leanne Sheraton.
Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 countries.