PayPal Canada Moves into MaRS Discovery District

Ten years after launching in Canada, PayPal announced this morning that it is moving its Canadian headquarters to Toronto’s MaRS Discovery District, North America’s largest urban innovation hub.

PayPal Canada General Manager Paul Parisi shared the news online, “Our move to MaRS puts us at the centre of a globally-recognized innovation hub allowing us to foster deeper connections with the community at MaRS to deliver meaningful innovation for our 6.4 million active customers including iconic Canadian retailers and 250,000 small business customers across the country”.

PayPal Canada was one of the first partners of the MaRS FinTech Cluster which connects the financial services sector with over 200 startups developing next- generation technology in emerging payments, financial services, peer-to-peer transactions, alternative lending and crypto-currencies.

Parisi continues, “This move provides more opportunities for us to team up with the country’s leading startups and consult on cutting-edge disruptive solutions and technologies. We will make our Canadian team and our visiting experts from across the globe easily accessible for mentorship and problem-solving sessions with start-ups at MaRS”.