PayPal confident on sustained growth

Company expects expansion in individual account transfers and online B2B services

Digital payments company PayPal said on Wednesday that though its growth in China was hampered by the lack of a third-party license, it would take more steps to connect its 10 million global retailers and companies to the huge market.

According to Matthew Lee, vice-president and general manager of PayPal North Asia, the United States company expects to achieve its goal in two years and make PayPal "a tool that consumers use every day".