PayPal want to enter China and India online payment market has been submitted to apply for

U.S. e-commerce giant EBay's online payment company PayPal plans to expand into China and India, which marks the company took a major step to the Asian region.
At present, the existing businesses of the two countries in the use of the company's services to implement cross-border payments. However, PayPal, directly in the local online payment service. "We are currently China's application to provide payment service license, we will also do so in India." Dixon - Xiao (Dickson, Seow), PayPal, the company's spokesman said today. However, the company is not yet know when they can obtain a license.
In these two countries, the Chinese representative of a larger online payment market. According to the statistics of the China Internet Network Information Center, China has 193 million users of electronic commerce. Into China, PayPal will face competition payment company in the local e-commerce giant Alibaba Group's Alipay. Alibaba and eBay in China joint venture, has been dominant in Alibaba consumers to participate in the competition on the field of consumer e-commerce.
Statistics according to market research firm Analysys International, Paypal currently has the largest share of the network third-party payment market in China, about 46.9%. Third party payment market, including non-bank business organization. At the end of the fourth quarter of last year, all transactions of the third-party payment market in China reached 738.6 billion yuan (about $ 117 billion). "If PayPal to enter the Chinese network payment market, the competition will become very intense." An analyst with Analysys International, Meng said, "The payment of the Chinese domestic enterprises have formed climate."
However, the company may be facing from the local government to obtain a license, in order to legally provide their payment services problem. Yahoo and Softbank are held Alibaba, had been forced to pay Bao split to an independent company. Because the Chinese government requires that all non-financial institutions to provide online payment services are required for all Chinese citizens.
"This is a difficult obstacle," said Mark - Natkin (Mark Natkin), managing director of the Beijing Mai Borui consulting firm. EBay in other foreign markets has been very successful, it's PayPal company has established a network that allows users to cross-border transactions. "They developed outside of China. However, they can also be in Chinese so lucky hard to say." He pointed out that Chinese competition is very intense.
According to market research firm, the Juxt New Age Marketing Research, Statistics, about 17 million Internet users in India last year for online shopping. However, the company's e-commerce market is expected to continue to grow. According to the statistics of the Boston Consulting Group (The Boston Consulting Group), in 2010, India online sales accounted for about 0.9% of all retail sales in 2016, this proportion is expected to grow to 4.5 percent.