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PayPal Holdings (NASDAQ:PYPL) introduced a new physical card that expands the company’s credit offering to in-store purchases, the company said on Tuesday.
The Mastercard (MA) credit card is issued by Synchrony Financial (SYF). The new card allows cardholders to choose flexible financing for making in-store purchases. Customers can use six-month promotional financing on PayPal purchases over $149.
“PayPal Credit is one of our most popular products and customers have long been requesting the ability to use it on-the-go as they look for more choice and flexibility wherever they shop,” said Scott Young, SVP, global head of Consumer Financial Services at PayPal (NASDAQ:PYPL).
In a limited-time offer, customers can use the PayPal Credit card to pay for travel purchases over six months with promotional financing and no minimum spend, the company said.
PayPal (PYPL) stock fell 0.7% in morning trading.