PayPal to add 1,000 staff in Asia

Silicon Valley-based PayPal is ramping up significantly in Asia, announcing plans to increase its regional headcount to 2,000 and inking new payment partnerships in China, Malaysia and Singapore.

The e-commerce payment provider will add 1,000 new staff to its Australia, China, Hong Kong, India, Japan, Singapore and Taiwan operations by the end of this year. 100 of those hires will be at PayPal's new international headquarters in Singapore, which is responsible for all of the company's business outside the US.

While PayPal's growth in Asia-Pacific to date has largely been driven by our cross-border business, we fully expect the domestic business in many of our Asian markets to explode...