PayPal Partners With Brazilian Bank Itaú Unibanco

PayPal Partners With Brazilian Bank Itaú Unibanco
The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. (Reuters/Thomas White/Illustration).
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Digital payments company PayPal Holdings Inc on August 29 announced a partnership with Brazil’s biggest private lender Itaú Unibanco Holding SA to offer its services to the bank’s card clients.

PayPal’s general-director in Brazil, Paula Paschoal, said 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.