PayPal names new head for Asia Pacific

BANGALORE, INDIA: PayPal, an eBay company, today announced the appointment of Farhad Irani to lead the company’s business in Asia Pacific.

Farhad would report to Philipp Justus, PayPal’s senior vice president of global markets and he would manage PayPal’s domestic and cross border business in all of Asia Pacific, said a press release.

Farhad would be based out of PayPal’s international headquarters in Singapore.

PayPal currently offers its services in five Asian languages including Indonesia Bahasa, Japanese, Thai, and simplified and traditional Chinese.

The service supports payments from 190 markets in 19 global currencies, including local currencies such as the Australian Dollar, Hong Kong Dollar, Japanese Yen, Chinese RMB, New Zealand Dollar and Singapore Dollar, the release added.

“Currently 45 percent of PayPal revenues come from outside of the US, and we expect the business to continue to grow in the coming years,” said Philipp Justus, senior vice president of global markets at PayPal.

He added that they are thrilled to welcome Irani as an industry veteran with the local market expertise to unleash PayPal’s potential in Asia Pacific.

Farhad joins PayPal from Standard Chartered in Singapore where he was global head of credit cards and personal loans. A native of India, Farhad has more than 25 years of experience in retail banking and credit cards solutions, the release added.