PayPal partners with Brazilian bank Itaú Unibanco

SAO PAULO (Reuters) – Digital payments firm PayPal has announced on Wednesday a partnership with Brazil’s biggest private lender Itaú Unibanco Holding SA to offer its services to the bank’s clients.

FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo

PayPal’s general-director in Brazil Paula Paschoal said that the company expects to add 1 million users to its current 3.8 million client-base in Brazil in two years as a result of the partnership.

Reporting by Carolina Mandl; Editing by Chizu Nomiyama

Author: Maria Dehn

Maria Dehn is a Writer at OpenStackServers.com. She has held editorial management positions for numerous print and Web publications. She has more than 17 years of Information Technologies and journalism experience and has written many books on cloud computing. She can be reached at [email protected]