PayPal partners with Brazilian bank Itaú Unibanco

SAO PAULO (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.

FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration/File Photo

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