PayPals Working Capital extends to Australia

Thursday 31 July 2014 09:35 CET | News

PayPal’s small-business offering, PayPal Working Capital, is set to expand to Australia as well as part of PayPal’s global move outside the US.

eBay will change the name of its Bill Me Later consumer-lending program to PayPal Credit and push it into the UK and Germany later this year. Its small-business offering, PayPal Working Capital, will expand to the UK and Australia.

The expansion of the services is part of PayPal’s transformation from a business primarily reliant on eBay buyers and sellers to a financial institution more closely resembling a bank.

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Keywords: PayPal, working capital, Australia, lending, Germany, UK
Categories: Banking & Fintech
Countries: World
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Banking & Fintech

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