BEIJING--(BUSINESS WIRE)--Symbio, a leader in next generation outsourced product development (OPD) and PayPal’s partner, today announced it is sponsoring PayPal’s China Developer & Partner Conference being held on December 14, 2009 in Beijing at The Opposite House.

PayPal will unveil PayPal X, the world’s first truly open global payments platform, at the one-day conference. Attendees will learn how to embed PayPal’s secure global payment system into their applications and platforms.

A leading value-add business partner to PayPal and an early adopter of PayPal X, Symbio will showcase real world test pilots using PayPal X, including their work for Qifang, a person-to-person lending company that assists Chinese students who need to fund their education. With PayPal X, Qifang will be able to accept lenders from around the world, in multiple currencies. Symbio has designed, developed and delivered applications built with PayPal X for companies in a range of vertical markets and use cases.

"The launch of PayPal X means developers can now easily create and implement custom payment methods,” said Jake Hsu, CEO of Symbio. “Symbio builds products that support technological convergence and tomorrow’s technologies and as an early adopter of PayPal X, Symbio is delighted to share its experience in helping developers embrace this new payment platform and accelerate time to market.”

PayPal X provides a complete platform that includes Application Programming Interfaces (APIs) technical documentation, sample code, applications, examples and an entire resource community designed to support PayPal developers. The platform enables developers to collect payments in non-traditional scenarios – expanding the types of transactions for which PayPal can be used, such as paying rent or employee payroll. PayPal X is designed to be adaptable to the many different payment scenarios that developers need and giving them access to PayPal’s 200 million accounts in 190 markets and 24 currencies worldwide.

Symbio CEO, Jake Hsu and Naveed Anwar, senior director of the PayPal Developer Network will host a joint panel at the conference offering their perspectives and insight on ways the development community can immediately implement this leading platform to help facilitiate online transactions and further stimulate e-commerce.

"More than 9,000 developers have signed up to PayPal X since we first opened our global payment platform a few weeks ago because they recognize the enormous business opportunity,” said Osama Bedier, PayPal's vice president of platform. “We’re excited to bring that global opportunity to China and to work with Symbio to help businesses around the world change the future of payments.”

About Symbio

Symbio is a leading innovator of product co-creation solutions worldwide. By leveraging its deep domain expertise in enterprise, embedded, mobile, Web-based and user experience driven technologies, Symbio enables its clients to focus on their core competencies while building mission-critical technologies and products to sustain, speed and secure the long-term success for the business. World-leading companies like China Mobile, IBM, Microsoft, and Nokia already rely on Symbio for faster, innovative, and highly cost-effective product engineering. With 22 locations across the US, Europe and Asia, Symbio provides worldwide integration services with a unique local touch. For more information about Symbio, visit www.symbio.com.