PayPal Credit has surpassed £2bn in UK lending since its launch in 2014.
In Brief:
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The company has reached 1.5mn PayPal Credit accounts.
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Businesses can offer customers the chance to pay for purchases via instalments.
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PayPal also says retailers who use the service have seen an average 15% incremental increase in sales.
What does this mean?
PayPal Credit offers an instant decision, ensuring the seamlessness customers now expect from their online payment experience.