Pay pal is a well known and established way of sending money from one place to another around the world. Recently Pay pal has announced that it will extend its services to new merchants. The plan is in pipeline and there has been no figures given on the number of merchants involved in this process. The President of Pay pal while speaking at a conference said that the delay was largely due to the challenges in connecting Pay pal with other merchant sites built for this purpose. The President also expressed his complete satisfaction over the way company was expanding across the world. The company has revealed its plans that it is looking to enter into numerous countries in the near future and will also add a lot of new merchants to expand its working base to many new regions.

Earlier there were rumors that the social networking giant Facebook would take a leverage of its 400 million regular users to enter into the online payment business. This notion seems dying away as both Pay pal and Facebook are looking to join hands in tapping the potential of the Facebook users jointly. President of Pay pal was hopeful that the Facebook users will definitely use Pay pal to make payments online. He also mentioned the companies plan to ease the payment mechanism and making it available on handheld devices as well.

The president was also very hopeful that things would improve in 2010 and he mentioned that “Bill Me Later” option hadn’t impacted the Pay pal’s margins much. This seems to be very good news for all the people in different countries that struggle to make purchases online. A lot of people around the world with no Paypal account in their countries are hoping that Pay pal would start providing its ecommerce services in their countries as well.