PayPal will try to break in Japanese market

PayPal plans to break in the profitable break in the Japanese market   by making an effort to enter it, despite the absence of eBay in the country.

eBay left the Japanese market in 2002, the same year it acquired PayPal, conceding the country to Yahoo Japan.

Though PayPal already operates in Japan, it still remains a minor player.

According to the AP, PayPal's boss in the country, Andrew Pipolo, told a press conference in Tokyo that the firm sees "great opportunities" in Japan, the world's second largest online consumer market. The company  will look to take a slice of this by selling itself to retailers as a way to tap overseas sales.

The PayPal’s move to Japan is part of a concerted effort to tap the Asia Pacific market. In March it vowed to double its staff numbers in the region and signed a deal with China UnionPay.