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PayPal Strikes $7B BNPL Deal with Blue Owl Capital, Bolsters Fintech Position
PayPal Strikes $7B BNPL Deal with Blue Owl Capital, Bolsters Fintech Position
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BTCCSquare news:
PayPal Holdings (NASDAQ: PYPL) edged 1.28% higher in pre-market trading after announcing a strategic $7 billion buy-now-pay-later (BNPL) receivables agreement with Blue Owl Capital. The fintech giant closed at $67.31 on September 23, down 0.55%, but the deal signals confidence in its credit infrastructure.
The two-year arrangement will see Blue Owl-managed funds acquire PayPal's U.S. 'Pay in 4' receivables while PayPal retains customer-facing operations. This balance sheet optimization follows PayPal's reported $33 billion in global BNPL volume for 2024 - a 21% year-over-year increase. Transaction terms reflect the sector's maturation, with 0% interest loans repaid over six-week periods.
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