PayPal Granted Banking License in Europe
Juan Carlos Perez writes on InfoWorld:
PayPal expects to accelerate the adoption of its online payment services in Europe now that it has obtained a banking license that will give it more freedom to market its services to merchants throughout the Continent.More here.
The license, granted by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, kicks in July 2. As a result of obtaining the license, PayPal will move its European headquarters to Luxembourg from the United Kingdom, a PayPal spokeswoman said Tuesday.
posted by Fergie @ 5/15/2007 06:07:00 PM
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