January 21, 2021
Business News

PayPal Enters Installment Loan Business Targeting Fintechs Affirm And Afterpay – Forbes

PayPal’s new buy now, pay later feature will become available on all purchases this fall.
PayPal
Point of sale financingthe modern layaway that lets you pay for a new TV or dress in four installments instead of putting it on your credit cardhas been rising steeply in popularity over the past two years, and the pandemic is propelling it to new heights. Australian company Afterpay, whose entire business is staked on the scheme, has sailed from a market valuation of $1 billion in 2018 to $18 bil…

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