PayPal rebrands Bill Me Later service as PayPal Credit

Wednesday 6 August 2014 10:53 CET | News

PayPal is rebranding its Bill Me Later instant credit product to PayPal Credit, as part of its international expansion strategy and overall effort to refocus its credit business.

The initiative is the result of the company’s efforts to “bring credit more to the center of PayPal,” according to Vice President of Credit Steve Allocca. PayPal Credit will be rolled out to the UK and Germany.

In addition to the rebranding itself, more features will be added to the service, including a transition away from being an online-only product and more functionality around monthly payments, Techcrunch reports. In addition, more servicing of that portfolio will be done within PayPal Wallet instead of on a standalone website as is currently done.

The company has also announced that PayPal Working Capital, which provides loans through WebBank, will expand to the UK and Australia.

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Keywords: PayPal, Bill Me Later, PayPal Credit, instant credit product, credit business, PayPal Working Capital
Categories: Payments & Commerce
Countries: World
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