:Investment firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of PayPal's buy now, pay later (BNPL) loans in Europe, the payments company said on Tuesday.Even though BNPL remains popular after the pandemic-led surge in its use among millennials and Gen Z custom
:Investment firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros , of PayPal's buy now, pay later loans in Europe, the payments company said on Tuesday.
PayPal shares rose 2 per cent in premarket trading on the news of the deal, which is expected to generate about $1.8 billion in gross proceeds and close in the second half the year. After the deal closes, PayPal expects to allocate roughly $1 billion to incremental share repurchases in 2023, contributing to an updated outlook of about $5 billion in total share repurchases so far this year.
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