PayPal appoints Lawrence Chan as VP for Asia Pacific New Ventures

PayPal has appointed Lawrence Chan as Vice President of Asia Pacific New Ventures and General

Manager of Southeast Asia and India.

PayPal has announced the appointment of a new key official in the Asia Pacific region. Lawrence

Chan takes on a new role as PayPal’s new vice president for Asia Pacific New Ventures, and is

likewise the new general manager for PayPal’s Southeast Asia and India business.

Mr. Chan is based in Singapore, and he leads the regional business strategy, sales, partnerships and

merchant adoption of PayPal’s newest payment innovations. He is also responsible for developing

PayPal’s online and mobile payments business, as well as as expanding the company’s geographical

reach to Southeast Asia and India. As a result, he will report to PayPal’s vice president of Asia, Mr.

Rohan Mahadevan. PayPal will benefit from his expertise, particularly more than 17 years

experience in the financial industry.

Mr. Mahadevan highlighted Chan’s deep regional expertise, which will greatly benefit the

organization. “As a senior industry leader in Asia, he has a diverse portfolio of general management

experience to successfully navigate local business practices and regulatory environments as well as

attract and build winning teams to drive the future of commerce across the region.”

Mr. Chan lauds the game-changing nature of technologies and companies like PayPal. “My passion

has always been to develop new market opportunities and game-changing products to allow Asian

consumers and merchants to connect in safer, more convenient ways.”

Client : PayPal Country : Singapore

Publication : E27

Date : 11 October 2012

Topic : PayPal appoints Lawrence Chan as VP for Asia Pacific New Ventures

URL : http://e27.sg/2012/10/11/paypal-appoints-lawrence-chan-as-vp-for-asia-pacific-

new-ventures/

Visitorship : 39,334 (Site-wide)

Mr. Chan is a graduate from the University of London’s School of Economics and Political Science

and holds a degree in industrial and business economics.

Read the full press release below.

Press Release

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October 8, 2012, Singapore – PayPal today announced the appointment of Lawrence Chan as

PayPal’s vice president covering its Asia Pacific New Ventures organization as well as general

manager for PayPal’s Southeast Asia and India business, effective immediately. Based in Singapore,

Mr. Chan will lead the regional business strategy, sales, partnerships and merchant adoption of

PayPal’s newest payment innovations to transform commerce, from mobile to digital goods to

PayPal Here. He will also be responsible for developing PayPal into an online and mobile payments

leader, as well as expanding the company’s geographic reach, in the exciting, fast-growing domestic

and cross-border trade markets of Southeast Asia and India. Mr. Chan will report to PayPal’s vice

president of Asia, Mr. Rohan Mahadevan.

Mr. Chan brings over 17 years of financial services industry experience to PayPal, having worked for

global MNCs including American Express International, American International Assurance, Bank of

America, and Visa International. Prior to joining PayPal, he spent 10 years at American Express

International in various regional and international leadership roles, most recently, as the Senior Vice

President and General Manager of Global Payment Option (Asia, Europe & Africa). Mr. Chan has

extensive experience in developing new business models and payment products, forming strategic

partnerships with banks and payment networks, and engaging with regulators and merchants in the

largest commerce markets in the Asia Pacific region, including Australia, China, India and Japan.

“Lawrence is an excellent addition to our Asia management team with his deep regional expertise in

financial services, his strong understanding of Asian commerce markets and a proven track record of

successfully leading and growing innovative payment businesses across the region,” said Mr.

Mahadevan. “As a senior industry leader in Asia, he has a diverse portfolio of general management

experience to successfully navigate local business practices and regulatory environments as well as

attract and build winning teams to drive the future of commerce across the region.”

“I’m excited to join PayPal at a time when new innovative online and mobile payment technologies

are revolutionizing the way people shop and pay across the Asia Pacific region,” said Mr. Chan. “My

passion has always been to develop new market opportunities and game-changing products to allow

Asian consumers and merchants to connect in safer, more convenient ways. I believe that PayPal is

uniquely positioned to drive this new era of multi-channel commerce in Asia and the world.”

Mr. Chan holds a Bachelor of Science degree (2nd Class Upper Honors) in Industrial and Business

Economics from the University of London’s School of Economics and Political Science.

About PayPal

PayPal is the faster, safer way to pay and get paid. The service allows people to send payments

without sharing financial information, with the flexibility to pay using their account balances, bank

accounts (where available) or credit cards. With more than 113 million active accounts in 190

markets and 25 currencies around the world, PayPal enables global commerce. PayPal is an eBay

(NASDAQ:EBAY) company. PayPal is headquartered in San Jose, Calif. and its international

headquarters is located in Singapore. More information about the company can be found at

https://www.paypal.com.sg.