SAO PAULO (Reuters) - Digital payments firm PayPal (O:PYPL) has announced on Wednesday a partnership with Brazil's biggest private lender Itaú Unibanco Holding SA (SA:ITUB4) 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.