PayPal enables payment acceptance from over 200 markets

The new solution allows businesses to hold multicurrency balances.

PayPal has launched the PayPal Complete Payments in Singapore, enabling businesses to accept payments from customers in over 200 markets.

It requires only a single customisable integration and is available for both small and medium enterprises (SMEs) and large enterprises.

PayPal expects this new solution to help businesses optimize their cash flow by enabling rapid settlement of transactions in minutes, and allowing them to hold multicurrency balances, said Nadia Syed, senior vice president at PayPal.

“Our latest product for businesses in Singapore is designed to help businesses boost customer conversion, drive revenue growth, and streamline operations,” said Syed, who is also APAC general manager for PayPal.

PayPal Complete Payments will be able to present prices in local currencies familiar to customers wherever they are.

Card processing through the solution can help increase authorisation rates by an average of 4.7 percentage points, the company said in a press release.