Paypal seeks approval to launch Paypal Bank as lending, deposits and capital controls tighten

PayPal is poised to become a larger player in U.S. financial services as it seeks to create its own bank, a move designed to increase lending to small businesses, reduce reliance on partners and open new avenues for growth. Paypal banking plan signals major expansion beyond payments Payments giant Paypal has taken steps to expand its role in the US financial sector (…)



Source link