PayPal Now Available in 24 Currencies

Customers Can Now Send and Receive Payments in Brazilian Real, Malaysian Ringgit, Philippine Peso, Taiwan New Dollar and Thai Baht

SAN FRANCISCO--(BUSINESS WIRE)--INNOVATE 2009

“The addition of these new currencies makes it even easier to use PayPal around the world”

PayPal today announced that it has added five new currencies and now supports payments in 24 currencies including the U.S. Dollar, Australian Dollar, Canadian Dollar, Hong Kong Dollar, Singapore Dollar, Taiwan New Dollar, New Zealand Dollar, Euro, Swiss Franc, Czech Koruna, Swedish Krona, Danish Krone, Norwegian Krone, Hungarian Forint, Mexican Peso, Philippine Peso, Malaysian Ringgit, Chinese RMB, Israeli New Shekel, Pounds Sterling, Brazilian Real, Polish Zloty, Thai Baht and Japanese Yen.

PayPal also announced today that it has opened its PayPal X global payments platform to third-party developers, ushering in a new generation of innovative payments. The first Application Programming Interface (API) suite in PayPal X, Adaptive Payments, includes a new currency conversion API to automatically convert currencies using live exchange rates.

“The addition of these new currencies makes it even easier to use PayPal around the world,” said Scott Thompson, PayPal’s president. “Consumers have more choice in how they pay, merchants can conduct business in more markets around the world, and developers can now create multi-currency applications built on PayPal X.”

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or personal financing. With more than 78 million active accounts in 190 markets and 24 currencies around the world, PayPal enables global ecommerce. PayPal is an eBay company and is made up of three leading online payment services: the PayPal global payments platform, the Payflow Gateway, and Bill Me Later. More information about the company can be found at https://www.paypal.com.

PayPal is headquartered in San Jose, Calif. Its European headquarters are in Luxembourg and its international headquarters (PayPal Private Limited) are located in Singapore.