PayPal led a $50m investment in PPRO.

PayPal, a multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, led a $50m investment in PPRO, a cross-border e-payment specialist, with participation from Citi Ventures and HPE Growth Capital. “A merchant’s choice of payments partner is increasingly being driven by the ever-expanding range of locally relevant payment methods available. PayPal is pleased to support PPRO as the company continues to grow. We recently signed a commercial agreement with them to provide a wide range of payment options for our merchants, so consumers can shop seamlessly across borders through the new PayPal Checkout with Smart Payment Buttons, Braintree and all of our merchant products. This is yet another way we are positioning ourselves to be the one-stop solution for global digital commerce,” Arnold Goldberg, PayPal Vice President of Merchant Product and Technology.