Payment gateway Braintree, which is owned by PayPal, indicated this week that it will now enable merchants in European countries to accept purchases via UnionPay, China's state-run card network.
The development could prove to be a big boost for PayPal and its European subsidiaries, as Chinese shoppers are expected to spend $118 billion on cross-border transactions this year according to Bloomberg.
Braintree reported that beauty company Escentual was one of the first merchants to integrate UnionPay via Braintree's SDK.
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