E4X, Inc., - the leading provider of online multicurrency services announced today that it has added the PayPal payment service to enable merchants to easily accept multicurrency PayPal payments.

"Our business is all about helping merchants to securely sell their goods and services online, and as our merchants grow their sales, they are looking to expand globally," said Roy Vella, director of merchant services for PayPal. "We're excited to work with E4X to provide merchants an easy way to accept multicurrency payments for their global sales."

E4X's multicurrency services make it easy for merchants to sell their products globally by handling many aspects of multicurrency operations including foreign exchange, cash management, multicurrency pricing, reconciliation, auditing, reporting, compatibility with processor and acquirer technologies and more.

"With the rise in online cross border sales, there has been great demand from merchants who want to accept multicurrency PayPal payments using the E4X service," said Jody Rochwarger, Vice President Strategic Partnerships, E4X. "PayPal is utilised by millions of users worldwide and we're extremely pleased that merchants will now be able to benefit from E4X's multicurrency expertise."

PayPal enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal has nearly 79 million registered accounts. In Q2 2005, PayPal processed $823 USD in total payment volume per second, totaling more than $6.5 billion USD in total payment volume for the quarter.

PayPal offers payments in six currencies - the U.S. Dollar, British Pound, Canadian Dollar, Australian Dollar, Euro and Japanese Yen. With the addition of PayPal, E4X now supports a wide range of local payment methods in local currencies, including major credit and debit cards, direct debits, cheques, bank transfers and invoices.

About E4X, Inc.

E4X, Inc. provides a unique set of multicurrency services combined with a patented technology that enable companies to easily grow their international business while minimizing the cost, risk and complexity of multicurrency pricing, settlement and cross-border payments. With E4X, businesses allow global customers to shop and purchase in local currencies, receive payment in their currency of choice and make cross border payments to vendors, employees and other payees in their local currencies. E4X's comprehensive solutions help companies of all sizes to expand globally while reducing foreign exchange risks, costs, and accounting complexities and easing the burden of reconciliation and reporting. Founded in 1999, E4X is based in New York and is privately held. The company operates a research and development facility in Tel Aviv, Israel. For further information, visit www.e4x.com.