PayPal Inc. has agreed to offer accounts to customers of China UnionPay in a bid to expand in a market dominated by a Chinese rival, Alipay.

The partnership will allow customers of China UnionPay, China's national electronic-payments network, to make purchases at Web sites based in other countries, PayPal said Wednesday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.