PayPal, the largest online payments business owned by eBay Inc, has launched service in Georgia.

PayPal said in a press release on April 11, that the launch in Georgia came as internet and e-commerce were on a growing trend as only in the first months of last year, the National Bank of Georgia registered a record volume of internet transactions, up 162%.

At this time, PayPal is exclusively available for individual consumers in Georgia and it plans to gradually enable additional functionalities.