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PayPal to launch a local wallet in China focused on cross-border payments; PayPal is the first foreign firm with 100% ownership of a payments platform in China (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC: PayPal to launch a local wallet in China focused on cross-border payments; PayPal is the first foreign firm with 100% ownership of a payments platform in China  —  - PayPal plans to set up a local wallet in China focused on cross-border payments.  — In January, the U.S. fintech became …
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