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.