Digital payments company PayPal Holdings Inc on Wednesday announced a partnership with Brazil's biggest private lender Itaú Unibanco Holding SA to offer its services to the bank's card clients. PayPal's general-director in Brazil, Paula Paschoal, said the company expects to add 1 million users to its current 3.8 million client base in Brazil in two years as a result of the partnership. Itaú is PayPal's first partner in Brazil, but Paschoal said the company is open to new agreements with other financial institutions in the country.
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