Payment giant PayPal hasraised revenue of $6.18 billion, which is more by 13% year over year (YOY). PayPal is expanding its cryptocurrency and BNPL or Buy-Now, Pay-Later products. This is also true of its crypto services. Let’s go through more details concerning the topic and see who can help you with EVO payments UK.
PayPal IsExpanding ItsCrypto &BNPLProducts
This year, in mid-October, PayPal acquired Japan-based Paidy, a Buy-Now, Pay-Later platform,for $2.7 billion.Paidy is among theworld’s BNPL providers.The deal is anticipated to close in Q4 of 2021.
PayPal is expanding its crypto services to the UK. In 2020, the company launched its crypto services in the US. As a result, customers can purchase and sell Bitcoin, Bitcoin Cash, Ethereum, or Litecoin forjust £1. PayPal’s services allow consumers to enjoy real-time tracking of crypto prices.This is the payment giant’s first international expansion after the introduction of its services in the US.
The Rise of Crypto & BNPL Services: EVO Payments UK
Japan represents the third-largest market for online shopping in the world. Besides, it’s among the few developed markets where paper currency hasn’t lost its power yet. Cash accounts for about 3/4 of all purchases in the country.
Now, Paidy’spresident and chief executive officer says that PayPal will go on leading the business, and Paidywill keep its brand and run its existing businesses.
The rapid changes and developments in payments make it more critical than ever to use advanced payment-processing services for the further growth of your company. To get access to the most suitable merchant services, including EVO Payments UK, work with a reputable payment expert in the country. This is how you can be sure to get the best services in terms of terms and integration.
According to payment analysts, the BNPL trend is especially popular among Millennials and Generation Z, who don’t like taking out credit-card debt.
PayPal’s New Offerings: Crypto & Buy-Now, Pay-Later Products
Buy-Now, Pay-Laterservices are gaining more traction among consumers worldwide. This payment solution is highly popular among younger consumers and got so widespread especially during COVID-19.Now, payment giant PayPal is expanding its crypto and BNPL products.
Author Bio:Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of EVO Payments UK. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie with ice-cream on his backyard porch, as should all right-thinking people.
