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PayPal leads $50m investment in cross-border payments startup PPro

London based cross border payments solution provider raised $50m from PayPal.

“A merchant’s choice of payments partner is increasingly being driven by the ever-expanding range of locally relevant payment methods available,” said Arnold Goldberg, vice president of merchant product and technology, PayPal, in a statement. “PayPal is pleased to support PPRO as the company continues to grow.”