August 29, 2018 / 2:49 PM / 3 months ago

PayPal partners with Brazilian bank Itaú Unibanco

SAO PAULO, Aug 29 (Reuters) - Digital payments firm PayPal has announced on Wednesday a partnership with Brazil's biggest private lender Itaú Unibanco Holding SA to offer its services to the bank's clients.

PayPal's general-director in Brazil Paula Paschoal said that the company expects to add 1 million users to its current 3.8 million client-base in Brazil in two years as a result of the partnership. (Reporting by Carolina Mandl Editing by Chizu Nomiyama)

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