PayPal is Swiftly Expanding Its Working Capital Loans
The last few years has been a time of profound change in the payments industry, which was long dominated by a few large credit card companies. Recent entrants into the space have brought innovation and change to a somewhat stodgy industry and are expanding the role of the payment processor.
PayPal Holdings, Inc. (NASDAQ: PYPL), while not new to the game, has been at the forefront of the transformation, moving beyond its humble beginnings as a simple online payment system to offer a wide variety of digital wallet, mobile payment, and merchant services. One of these services is providing working capital loans to its merchants. PayPal has announced that it will acquire Swift Financial in a further push into the business financing arena.
PayPal is expanding its merchant loan business. Image source: PayPal.
Source: Fool.com
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