PayPal Credit reaches £2bn lending in the UK

December 24, 2019 | Consumer Lending

Written by FinTech Alliance

PayPal Credit reaches £2bn lending in the UK

PayPal Credit has surpassed £2bn in UK lending since its launch in 2014.

In Brief:

  • The company has reached 1.5mn PayPal Credit accounts.

  • Businesses can offer customers the chance to pay for purchases via instalments.

  • 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.

Read more here.

 

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