PayPal has announced plans to extend the number of its employees in Asia Pacific to over 2,000 by the end of the year, with the creation of more than 100 new jobs at the company’s headquarters in Singapore.

The new vacancies will be across all seven of PayPal’s offices including, Australia, China, Hong Kong, India, Japan, Singapore and Taiwan.

The plans for growth can be seen as a direct result of the company’s 38 per cent growth since 2008, processing more than $6 billion of total payment volume within the Asia Pacific region in 2009.

Both PayPal and Singapore are excited about the company continuing and expanding its presence in Asia;

“We are excited that PayPal has chosen Singapore as the center from which to double its business in Asia. This is another example of how Singapore plans to stay at the forefront of technology and innovation,” said Mr. Leo Yip, chairman of the Singapore Economic Development Board (EDB) said.