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November 16, 2017 04:12 pm GMT
PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies. The deal also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution, the company said. Following the news, shares of… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/A73O1T4geyo/
PayPal to sell $6 billion in consumer loans to Synchrony Financial
PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies. The deal also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution, the company said. Following the news, shares of… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/A73O1T4geyo/
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