PayPal Holdings, Inc. (PYPL) Introduces Physical Card to Expand Its Popular Online Credit for In-Store Purchases

PayPal Holdings, Inc. (NASDAQ:PYPL) has introduced a new physical PayPal Credit card, issued by Synchrony, allowing users to use PayPal Credit not only online but also in stores and anywhere Mastercard is accepted. This move extends the popular digital PayPal Credit service beyond just online checkouts.

The card, which is light blue and features the Mastercard logo, can now be used widely, giving customers more flexibility in how they pay.

PayPal Holdings, Inc. (PYPL) Introduces Physical Card to Expand Its Popular Online Credit for In-Store Purchases

A consumer in a cafe paying for goods using a mobile payment app.

Additionally, cardholders can take advantage of a special limited-time offer to finance travel purchases over six months with no minimum spending requirement. This promotion helps users manage payments for trips, including flights, hotels, cruises, and ride-sharing, by spreading the cost over time to better fit their budget.

PayPal Credit has long been a favored payment option online, and the launch of the physical card responds to increasing demand for flexible financing in physical stores. Beyond the travel offer, customers can also enjoy six months of promotional financing on PayPal Holdings, Inc. (NASDAQ:PYPL) purchases of over$149.

Scott Young, SVP, Global Head of Consumer Financial Services at PayPal Holdings, Inc. (NASDAQ:PYPL), made the following comment:

“PayPal Credit is one of our most popular products and customers have long been requesting the ability to use it on-the-go as they look for more choice and flexibility wherever they shop. From our buy now pay later options to our credit cards, we continue to bring customers a range of solutions to help them manage cash flow and pay in the ways that suits their budgets for the things they love and need.”

This new card joins the PayPal Cashback Mastercard as a physical option for use online, in stores, and via mobile wallets for easy tap-to-pay. Customers can also choose PayPal Buy Now Pay Later to split payments into smaller installments.

PYPL has surged by over 12% in the past 12 months.

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