NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, March 1, 2016

PayPal is teaming up with Mexican telecommunications giant América Móvil as it looks to expand in Latin America.

The alliance’s focus will be on a new mobile wallet platform, which lets users pay for items by smartphone scans.

With América Móvil on board, PayPal can target 140 million users in Brazil and Mexico.