Published 2 years ago

PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

Summary by Ground News

PayPal launched its "Buy in 4" platform in August last year, making its entry into the increasingly competitive lending niche. "We saw a 400% year-on-year rise on our volumes going through 'buy now, pay later' this past Black Friday," PayPal CEO Dan Schulman said.

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Reuters

PayPal says 'buy now, pay later' volumes surged 400% on Black Friday

By Rachel Armstrong LONDON - Volumes on PayPal Inc's 'buy now, pay later' platform were five times higher this Black Friday compared with a year earlier as the payments giant starts to gain traction in the fast-growing credit method, the company's chief executive told the Reuters Next conference. PayPal launched its "Buy in 4" platform in August last year, making its entry into the

2 years ago·United Kingdom

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