PayPal Expands Service to Mexican Peso

Online payment service PayPal Inc. said Tuesday it expanded into Mexico. The arm of San Jose-based eBay Inc. (NASDAQ:EBAY) said Mexican buyers will be able pay for online purchases using their credit cards or bank accounts with pesos as currency. The peso is the first Latin American currency to be added to the PayPal system. PayPal also enables payments in the U.S. dollar, Canadian dollar, Australian dollar, euro, British pound, Japanese yen, Chinese yuan, Czech koruna, Danish lrone, Hong Kong dollar, Hungarian forint, New Zealand dollar, Norwegian krone, Polish zloty, Singaporean dollar, Swedish krona, Swiss franc and Israeli new shekel.

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