Commerce partners with PayPal to help exporters
- By Derek Major
- Aug 24, 2015
The Commerce Department, which bills itself as the America’s data agency, has teamed up with PayPal to provide American businesses with a public and freely accessible platform that can help small and medium-sized businesses increase their overseas exports.
Still in its initial stages, the partnership is organized as a working group under the Commerce Data Advisory Council, which provides advice and recommendations on how to make Commerce’s data easier to find, access, use and combine with other data.
Initial experiments based on information available from Commerce and Paypal’s global payments data indicate that some of the best opportunities may be in providing business owners with targeted benchmarks and opportunity assessments. Mashing up the department’s economic analysis with PayPal's own data networks could lead to customizable and highly valuable new insights, Commerce said on its blog.
Derek Major is a former reporter for GCN.