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Benzinga
Benzinga
Business
Dylan Berman

PayPal Stock Is Rising Monday: What's Going On?

London,,Uk,-,August,2021:,Paypal,Finance,Service,Logo,On

PayPal Holdings, Inc. (NASDAQ:PYPL) shares are trading higher. The company on Monday launched 5% cash back on buy now, pay later (BNPL) purchases to ease holiday spending stress for U.S. shoppers.

What To Know: PayPal announced that U.S. customers will earn 5% cash back on PayPal BNPL purchases between now and the end of the year. The new promotion comes as 60% of shoppers report increased financial stress heading into the holiday season.

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