PayPal and Synchrony to expand strategic consumer credit relationship

Synchrony Financial to Acquire U.S. Consumer Credit Receivables from PayPal, Companies Extend Co-Brand Credit Card Relationship SAN JOSE, Calif. & STAMFORD, Conn., 2017-Nov-20 — /EPR Retail News/ — PayPal Holdings, Inc. (NASDAQ:PYPL) and Synchrony Financial (NYSE:SYF) today (Nov 16, 2017) announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables […]