A new report by the Internet Retailer revealed that an estimated 40 million consumers used PayPal to transact from Chinese e-retailers in 2015.

PayPal Holdings Inc. revealed that at least 25 percent of its users outside China made at least one purchase from a Chinese e-retailer in 2015. An estimated 188 million consumers across the globe have PayPal accounts.

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PayPal said the bulk of the orders for Chinese e-retailers was placed on electronic products (30%) and fashion items (20%). Israel (60%) has the most number of shoppers who purchased from a Chinese e-retailer in 2015. The list is followed by Russia (52%), Singapore (37%), Nigeria (36%), and Australia (32%).

The figures indicate that PayPal customers are heavily connected to Chinese e-commerce industry. Chinese online retailers sold $589 billion worth of goods last year, up 33 percent from that of in 2014, Yibada noted.

For this reason, PayPal is poised to expand its Chinese presence and broaden its base of Chinese e-commerce sites accepting PayPal. Despite recently opening offices in about 20 cities last year, it plans to add more offices to 10 cities soon.

PayPal's volume is also anticipated to drive further with the acceptance of Visa and Mastercard in China. Using these cards will make it easier for Chinese shoppers to buy via PayPal, Business Insider noted.

Also, Braintree, PayPal's payment gateway, has also enabled UnionPay acceptance among European merchants, driving business among Chinese customers that might eventually carry over into Chinese online marketplaces.

Meanwhile, changes in the purchasing behavior of China's new middle class and widespread use of smartphones are pointed as reasons for the country's flourishing e-commerce, Alizila, Alibaba's news portal, said.

China's e-commerce will still grow over the next years, according to online marketing experts from eMarketer. They predict China will surpass U.S. in terms of online purchases, spending nearly $2 trillion in 2019. At the same time, online shoppers will also increase to 600 million.

Tagschina e-commerce, PayPal, UnionPay, online payments, visa, MasterCard, online shopping