The new currencies are the Czech koruna, Danish krone, Hong Kong dollar, Hungarian forint, New Zealand dollar, Norwegian krone, Polish zloty, Singapore dollar, Swedish krona, and Swiss franc.
These new currencies add to those already available to PayPal customers, including US dollars, Australian dollars, euros, pounds sterling, Canadian dollars, Japanese yen and Chinese RMB.
PayPal also announced that residents in 48 new markets can now use PayPal in their local markets to send money online. These new markets include Indonesia, the Philippines, Croatia, Fiji, Vietnam and Jordan.
International expansion is a key part of PayPal’s growth strategy, and we are thrilled to expand our services to 103 markets and support 17 currencies worldwide, said Dana Stalder, senior vice president of PayPal.
PayPal currently has 114 million accounts globally. In the second quarter of 2006, PayPal’s total payment volume – or the total value of transactions – was $8.9 billion.
