EBay Inc., the world's largest Internet auction company, plans to expand its PayPal payment service to the rest of the company's international markets, Chief Executive Meg Whitman said Monday.
"The long-term vision is to have PayPal follow the EBay footprint around the world," Whitman said.
PayPal lets people close transactions on EBay faster through electronic accounts from which payments can be made or received.
EBay bought PayPal for $1.5 billion in October 2002 and is expanding the payment service where it operates auction sites, including Germany and Britain. EBay, which operates or has investments in websites in 28 countries, last month opened a regional PayPal headquarters in Dublin, Ireland, as part of its European expansion.