Thursday, September 18, 2003

Paypal comes to Europe: Dublin

Reuter reports:

On-line auctioneer eBay will create up to 800 new jobs in Dublin as it expands its European operations, the government announced on Tuesday. The U.S-based company will locate the European headquarters for its PayPal Internet payment unit in west Dublin and will also open a second European customer support center, the office of the deputy prime minister said.

Net effect: Paypal will most probably create EU-typical front-ends to its back-end processing in the US. And thus become a bigger threat for EU-based payment systems and P2P initiatives.