PATA welcomes PayPal as its newest industry member

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BANGKOK, March 14, 2018 — The Pacific Asia Travel Association (PATA) is pleased to welcome global technology platform and digital payments company PayPal Holdings, Inc. as its newest industry member.

“As we are moving towards an exponential future at an unprecedented speed, it is important that travel and tourism stakeholders are able to successfully navigate the ever-evolving digital landscape. That is why we are excited to welcome PayPal to the PATA family. As one of the world’s largest digital payment companies, it is important that we are able to add this voice to our discussions in the responsible development of the travel and tourism industry,” said PATA CEO Dr. Mario Hardy. “It is also important for small and medium-sized enterprises in Asia and the Pacific to understand the importance of using a digital payment gateway in order to have greater global access to customers from such markets as North America and Europe.”

Founded in 1998, PayPal continues to be at the forefront of the digital payments revolution. PayPal gives people better ways to manage and move their money, offering them choice and flexibility in how they are able to send money, pay or get paid. The company operates an open, secure and technology agnostic payments platform that businesses use to securely transact with their customers online, in stores and increasingly on mobile devices. Available in more than 200 markets around the world, the PayPal platform enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

“The way in which we are making our travel bookings are changing, and as travellers evolve, so must businesses. Today’s digital traveller is demanding simplicity, convenience and security when making travel bookings.  If businesses can offer a simple and secure payment experience that allows travellers to make online bookings seamlessly anywhere they want, they are set for take-off. As an online and mobile payments leader with 227 million customers in over 200 markets worldwide, PayPal is focused on helping travel businesses in Asia Pacific tap into this global opportunity, and joining the PATA community allows us to be better placed when it comes to discussions on the digitalisation of travel,” said Rahul Shinghal, Managing Director for PayPal Southeast Asia and Head of Merchant Support for PayPal Asia Pacific.

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About PATA

Founded in 1951, PATA is a not-for-profit membership association that acts a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region. The Association provides aligned advocacy, insightful research and innovative events to its member organisations, comprising 95 government, state and city tourism bodies, 25 international airlines and airports, 108 hospitality organisations, 72 educational institutions, and hundreds of travel industry companies in Asia Pacific and beyond. Thousands of travel professionals belong to the 36 local PATA chapters worldwide. The chapters organise travel industry training and business development events. Their grassroots activism underpins PATA’s membership in Uniting Travel, a coalition of the world’s major Travel & Tourism organisations dedicated to ensuring that the sector speaks with one voice and acts in unison on the major issues and includes ACICLIAIATA, ICAOWEFUNWTO and the WTTC. The PATAmPOWER platform delivers unrivalled data, forecasts and insights from the PATA Strategic Intelligence Centre to members’ desktops and mobile devices anywhere in the world. PATA’s Head Office has been in Bangkok since 1998. The Association also has official offices or representation in Beijing, Sydney and London. Visit www.PATA.org.

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 227 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal Holdings, Inc. financial information, visit https://investor.paypal-corp.com.