
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.