World News – US – PayPal (NASDAQ: PYPL) Launches New Buy It Now, Pay Later Service in UK Ahead of Winter Shopping Season

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PayPal Holding Inc (NASDAQ: PYPL) takes on rivals such as Klarna, Afterpay and others in the UK with the launch of a buy now, pay later service called â ?? ?? Pay in 3â ???? before the winter shopping season

New service allows businesses to offer customers the option to purchase products between £ 45 and £ 2,000, then pay in three monthly installments, interest-free with automated monthly repayments PayPal, which is popular for its payment tools, has been making a foray into credit for years since acquiring Bill Me Later Pay in 3 became part of the PayPal wallet, which will allow customers to manage payments online. or via the PayPal app The launch of « Pay in 3 » in the UK comes in the wake of the company which launched a similar product, « Pay in 4 » in the US last month

Rob Harper, UK corporate account manager at PayPal, said the number of people shopping online in the UK has increased dramatically during the pandemic period He said customers were looking for ways to spread the cost of purchases and therefore PayPal was launching « Pay in 3 » to meet this need Harper said they are building on their responsible lending culture through PayPal Credit, launched in 2014 in the UK

The launch of ‘Pay in 3’ aims to take advantage of upcoming winter shopping including Black Friday and Christmas Harper said they are also looking to take advantage of growing buying now, to pay off the trend later in the market dominated by Klarna, and that now smaller brands are also making inroads into the market which is not as popular as PayPal

PayPal expects brand recognition to give it a competitive edge over competitors, as it increased accounts receivable by 300% year on year in Q2 Currently, the company has over 24 million active customers in the UK, surpassing Klarna’s tastes, with just 10 million customers

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Our content is intended to be used for informational purposes only It is very important to do your own analysis before making any investment based on your personal circumstances We recommend that you consult a licensed financial advisor or conduct your own research before making any investment decision

TechStockObservercom is not a broker / trader, we are not an investment adviser, we do not have access to non-public information about publicly traded companies, and this is not a place to give or receive financial advice, advice regarding investment or tax decisions or legal advice

TechStockObservercom is not responsible for your use of the website The website is provided « as is » and « as available », without any representation, warranty or condition of any kind

Responsible for TechStockObservercom may hold positions in securities listed on the site and which we reserve the right to sell without notice at any time There are risks inherent in investing in the stock market, including the loss of your investment Past market performance is no guarantee of future results Any investment is at your own risk

NASDAQ: PYPL, Stock

World News – US – PayPal (NASDAQ: PYPL) Launches New Buy It Now Service, Pay Later In UK Before winter shopping season



SOURCE: https://www.w24news.com/news/world-news-us-paypal-nasdaq-pypl-launches-new-buy-it-now-pay-later-service-in-uk-ahead-of-winter-shopping-season/?remotepost=450375

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