This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents.

PayPal general manager for Brazil Mario Mello said Digital River World Payments is a very important part of their payments program and will definitely offer a key structure support for the expansion of the company in Brazil.

Digital River vice president of World Payments Paul Bridgewater said PayPal has one of the most recognized brands on the Internet. They are pleased to expand their relationship, which spans nine years.

"With proven technologies and worldwide banking relationships in place, our payment solutions are designed to help companies enter online markets quickly and cost effectively," Bridgewater said.