PayPal is introducing a new physical card that enhances its PayPal Credit service by allowing users to make in-store purchases. The new card enables customers to split payments for travel expenses over six months with promotional financing, requiring no minimum spend. In addition, shoppers can access PayPal's Buy Now Pay Later loans at checkout in physical stores. This launch is part of a broader strategy to transition from being just a payment processor to becoming a comprehensive commerce platform.
PayPal's new physical card integrates its PayPal Credit offering into brick-and-mortar stores while creating opportunities for promotional financing and in-person loan applications.
Customers can divide their payments for travel purchases over six months at no minimum spend, further expanding PayPal's flexible payment solutions.
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