PayPal and Blue Owl Capital signed a two-year agreement for Blue Owl to purchase $7 billion of PayPal’s buy now, pay later (BNPL) receivables in the U.S. PayPal will continue to manage customer-facing activities for its Pay in 4 BNPL products. BNPL has been a key part of PayPal’s offerings since 2008, with the Pay in 4 product launching in 2020. Globally, consumers using BNPL spend over 80% more per transaction on average. PayPal processed over $33 billion in BNPL payment volume in 2024, a 21% increase from 2023. PayPal also announced a $100 million investment in the Middle East and Africa to support digital growth.

Read more at Yahoo Finance: PayPal Teams Up With Blue Owl In $7 Billion Buy Now, Pay Later Deal