PayPal, a major US-based payment processor (NASDAQ:), will close its San Francisco office. However, employees will still be able to access the San Jose headquarters.

TechCrunch reported Wednesday that payments giant will go public. Closing its offices in downtown San Francisco with its Xoom arm — the division responsible for international digital money transfer services. PayPal currently has job openings in San Francisco, as well as at 17 additional locations throughout the United States and 32 internationally.