Latest news with #PayPalCredit
Yahoo
6 days ago
- Business
- Yahoo
Synchrony Expands Credit Reach With New PayPal Credit Card
A prominent player in the consumer financing space, Synchrony Financial SYF recently issued a new physical credit card in collaboration with PayPal. This new card allows users to access PayPal Credit not only online but also in-store and anywhere Mastercard is accepted. The card includes a limited-period offer for its customers — six months of promotional financing on travel purchases with no minimum spend. From flights, cruises, ride shares or hotels, users can now manage huge travel expenses with ease, spreading out payments without worrying about their budget. Along with the limited-time travel deal, customers can still take advantage of six months of promotional financing on purchases of more than $149. With the growing consumer interest in alternative financing options and Buy Now, Pay Later (BNPL) solutions, the introduction of a new physical card offers users more ways to pay while making the most of their existing credit lines. Additionally, allowing PayPal Credit to be used at point-of-sale terminals puts pressure on both banks and BNPL players. This launch strengthens SYF and PayPal's long-term relationship as it aligns with their strategies. Synchrony's strategic focus on diversifying its portfolio and integrating its credit products into rapidly growing digital ecosystems is supported by PayPal's vast user base. PayPal reported 436 million active accounts in the first quarter of 2025. This expansion may boost payment volumes and customer retention. SYF is actively expanding its presence through partnerships and collaborations, which will likely improve its active accounts. In the first quarter of 2025, its purchase volume fell 4% year over year to $40.7 billion. Over the past year, Synchrony shares have gained 37.9% compared with the industry's rise of 8%. Image Source: Zacks Investment Research SYF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are Pagaya Technologies Ltd. PGY, Heritage Insurance Holdings Inc. HRTG and Acadian Asset Management Inc. AAMI, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Pagaya Technologies' current-year earnings of $2.45 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Pagaya Technologies beat earnings estimates in two of the trailing four quarters and missed twice, with the average surprise being 12.9%. The consensus estimate for current-year revenues is pegged at $1.2 billion, implying 19.9% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. The Zacks Consensus Estimate for Acadian's current-year earnings is pegged at $2.86 per share, implying 3.6% year-over-year growth. In the past 30 days, Acadian has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for the current-year revenues is pegged at $526.8 million, calling for 4.2% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synchrony Financial (SYF) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Pagaya Technologies Ltd. (PGY) : Free Stock Analysis Report Acadian Asset Management Inc. (AAMI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
03-06-2025
- Business
- Finextra
PayPal to issue physical credit card
Today, PayPal announced that PayPal Credit can now be used everywhere with the introduction of a new physical card, issued by Synchrony (NYSE: SYF). 0 This expands its popular digital PayPal Credit offering to use both online when checking out with PayPal and in-store and everywhere Mastercard® is accepted. When using the new physical card, customers will also have access to a limited-time offer to pay for travel purchases over six months with promotional financing and no minimum spend1. This gives account holders a more manageable way to pay for qualifying travel purchases like flights, hotels, cruises, and ride shares, which can be spread over time to best suit their budget and needs. PayPal Credit is a customer-favorite way to pay online, and the new physical card meets growing demand to extend this unique, flexible financing option for in-store use. This is PayPal's next flexible payment innovation that caters to customers looking to take PayPal Credit everywhere. In addition to the limited-time travel offer, customers can continue to enjoy six-month promotional financing on PayPal purchases over $149.1 "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. "From our buy now pay later options to our credit cards, we continue to bring customers a range of solutions to help them manage cash flow and pay in the ways that suits their budgets for the things they love and need." "As a long-time partner for PayPal's credit products, we are committed to continually innovating our offerings and enhancing the customer experience," said Bart Schaller, EVP & CEO, Digital at Synchrony. "Bringing customers another physical card option to use for everyday purchases gives them greater purchasing power both on and offline." "We're proud to expand our longstanding partnership with PayPal to bring even more value and flexibility to consumers," said Adam Granoff, EVP, Global Partnerships at Mastercard. "Bringing together Mastercard's global acceptance network with PayPal's trusted digital platform, this new offering extends PayPal Credit with a physical card that empowers cardholders to shop seamlessly and confidently everywhere—whether they're booking summer travel or making everyday purchases." This new offering joins the PayPal Cashback Mastercard® as another physical option to use both online and in stores and can be added to mobile wallets for fast and easy tap-to-pay. Plus, customers looking for flexibility at checkout can also apply for a PayPal Buy Now Pay Later loan which lets them break purchases into smaller payments over weeks or months. The physical card will be rolling out in the coming weeks to US customers. Eligible existing PayPal Credit customers will be notified about their card upgrade over the coming weeks. Learn more about PayPal Credit and the new physical card here.
