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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   -   Copyright  Thomas White(Reuters)
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SAOPAULO (Reuters) – Digital payments firm PayPal <PYPL.O> has announced on Wednesday a partnership with Brazil’s biggest private lender Itaú Unibanco Holding SA <ITUB4.SA> to offer its services to the bank’s clients.

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

(Reporting by Carolina Mandl; Editing by Chizu Nomiyama)

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