US based PayPal Inc. and Finnish based Maksuturva Group Ltd. have started to cooperate with the objective to stimulate cross-border selling and the internationalization of the Finnish e-commerce market. The great need for locally present cross-border payment solutions and the inertness of many Finnish web shops to invest in internationalization have sparked this cooperation.
Finnish web shops need to expand internationally in order to grow and become significant players – this has been the hot topic for many discussions, news and seminars the past months. The need for support to achieve this has been almost palpable.
– Maksuturva, with its local presence and knowledge is strategically a very important partner for PayPal in the Nordic region. Adding PayPal to Maksuturva’s existing Nordic payment methods and value-added features, ensures a great solution for web shops with an international focus, says Ganna Yevtushenko, PayPal’s Head of Business Development, Central & Eastern Europe.
PayPal has over 160 million active customers worldwide and supports 26 different currencies. PayPal’s significant market share in Europe means it can be perceived as a locally accepted payment method on several markets.
– Maksuturva’s focus on solutions for handling of payments, refunds and settlements more cost efficiently and PayPal’s focus on international mobile payment solutions, adds great value to our customers both in Finland and abroad. Combined, our services make it a lot easier to expand internationally and the news of the cooperation has been warmly welcomed by our bigger customers, continues Jacob Segercrantz, Sales Director, solution sales at Maksuturva Group.
For more information, please contact:
Sales Director, solution sales
Maksuturva Group Ltd.
+358 40 4529802
Co-Marketing Manager CEE, PayPal
PayPal at Maksuturva »
Maksuturva Group Ltd is an internationally operating, authorized payment institution supervised by the Financial Supervisory Authority (FIN-FSA), specialized in providing intelligent online payment services. Among Maksuturva’s prominent customers can be found businesses such as Zalando, Lekmer, Yle, Reima, Nanso Group and Holiday Club. The technical aspects of Maksuturva’s payment services are provided and controlled by an ICT-company, Maksuturva ICT Services Ltd, together with certified technical partners. The experts of Maksuturva Group and Maksuturva ICT Services work together in the same facilities in Ruoholahti, city of Helsinki.
At PayPal, we put people at the center of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution, processing almost 11.5 million payments for our customers per day. PayPal gives people better ways to connect to their money and to each other, helping them send money without sharing financial information and with the flexibility to pay using their PayPal account balances, bank accounts, PayPal Credit and credit cards. With our 162 million active digital wallets, we have created an open and secure payments ecosystem people and businesses choose to securely transact with each other online, in stores and on mobile devices. PayPal is a truly global payments platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. PayPal is an eBay Inc. (Nasdaq: EBAY) company. In September 2014, eBay Inc. announced the planned separation of eBay and PayPal into independent publicly traded companies in 2015. More information about PayPal can be found at www.paypal.com and www.paypal-media.com. More information about the planned separation of eBay and PayPal can be found at update.ebayinc.com.