Retail in Asia

In Tech

PayPal plans belated Japan foray

PayPal, the online payment unit of internet commerce firm eBay Inc., is planning to break into the Japanese market – the first time it has entered a region without eBay’s powerful auction business.

Acquired by eBay in 2002, PayPal in most markets relies on its parent company’s online auction behemoth for a steady supply of buyer and seller accounts. But in Japan, where eBay has been largely absent for eight years, PayPal is starting from scratch in a mature market.