PayPal eyes Japan acquisitions push to crack Asia market

Investment and 'open mind' key to successful expansion, CEO says

20211228NY Paypal headquarters San Jose

PayPal's headquarters in San Jose, California. The company acquired Japanese "buy now, pay later" startup Paidy for roughly $2.7 billion this year. (Photo courtesy of PayPal)

TAKENORI MIYAMOTO and KAORI YOSHIDA, Nikkei staff writers

NEW YORK -- After struggling for years to extend its reach in the Japanese domestic market and the rest of Asia, PayPal is charting a new growth strategy there focused on greater investments, tie-ups and acquisitions to tap surging demand for cashless payment services.

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