Yesterday an online payment services provider PayPal announced that it appointed Farhad Irani as a new manager for its Asia-Pacific business. Irani will report to the company's Senior Vice-President (global market), Phillipp Justus and will be responsible for managing PayPal's domestic and cross-border business across Asia-Pacific according to the company statement.

Before joining PayPal Irani worked at Standard Chartered Bank in Singapore, where he was heading the bank's credit cards and personal loan division.

According to PayPal Asia-Pacific is one of the company's fastest-growing region with 12-million PayPal accounts while the online payment service currently supports transactions from 190 markets in 19 global currencies.

"We are thrilled to welcome Farhad Irani, an industry veteran with local market expertise to unleash PayPal's potential in the Asia-Pacific," Justus said in the release.