Taiwantrade.com has signed a payments acceptance deal with the online payments provider PayPal Inc., according to an official from Taiwan's national business-to-business e-commerce platform.
The Taiwan External Trade Development Council operates Taiwantrade, which enables buyers around the world and Taiwanese suppliers to conduct requests for quotations and other business activities online.
"The collaboration will let buyers directly proceed with small, sample-product purchases from interested suppliers on Taiwantrade," the official said this week. "We expect this collaboration to provide a better online transaction process and increase buyers' willingness to source from Taiwanese companies."
The official expects the deal to bring more orders this year for Taiwan's small- and medium-value enterprises in sectors such as machinery, electronics, communications, computers, auto parts and motorcycles.
PayPal, a unit of eBay Inc., has said that international expansion and increasing acceptance by merchants are among its top goals. Last month PayPal announced a partnership with First National Bank in Johannesburg aimed at making it easier for South African consumers to use its payment system.
The First Rand Bank Ltd. unit agreed to automatically convert any money received through a PayPal account into South African rand when the funds are transferred into a First National account.