We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PayPal (PYPL) Expands Interest-Free Pay in 4 Service to Australia
Read MoreHide Full Article
PayPal (PYPL - Free Report) recently announced that it will expand the ‘Pay in 4’ service — a buy now, pay later (BNPL) installment solution — to Australia in June.
The U.S. payments giant already has more than 9 million customers in Australia. The expansion will aid the company in retaining the existing clients and attracting new ones to its platform, courtesy of customer-friendly payment options.
Further, this will give it a competitive edge over Afterpay Ltd and and Zip Co Ltd that already lead the domestic market.
We note that the company’s commitment to deliver enhanced user experience through constant strengthening of the portfolio has been driving momentum across merchants, which in turn is instilling investor confidence in the stock.
What is ‘Pay in 4’ Solution
The ‘Pay in 4’ Solution enables merchants to allow their customers to make payments for purchases ranging from $30-$600 in four interest free installments over a period of six weeks.
Further, merchants are not required to pay additional fees for the new solution as it is included in their current PayPal prices.
Additionally, customers can enjoy a seamless payment experience via the PayPal app in synchronization with their PayPal wallet.
PayPal's BNPL solution has already been rolled out in the United States and Britain. The expansion of the ‘Pay in 4’ service to Australia will act as a catalyst and thereby expand the company’s client base.
The latest move will help it in expanding footprint in the point-of-sale lending services space. Notably, this space is growing rapidly as these services help customers in purchasing items with the ease of payment installments.
Further, the expansion will help PayPal to gain a competitive edge over Square, which is also involved in this kind of service.
Notably, Square also offers Square Installments that enables small business clients such as hairdressers and car part sellers, among others, to offer the flexibility of payment in installments to customers.
Customers are allowed to pay for their purchases ranging from $250 to $10,000 in fixed monthly installments over a period of three, six and 12 months.
Nevertheless, PayPal’s growing suite of Pay Later solutions, rising customer engagement on the PayPal platform, and flexible financing solutions as well as products including the likes of Venmo, PayPal Credit and other alternative payment methods are likely to help the company sustain its strong market position.
Long-term earnings growth rate for KLA, TE Connectivity and Mettler-Toledo is projected at 11.6%, 10.4%, and 13.8%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
PayPal (PYPL) Expands Interest-Free Pay in 4 Service to Australia
PayPal (PYPL - Free Report) recently announced that it will expand the ‘Pay in 4’ service — a buy now, pay later (BNPL) installment solution — to Australia in June.
The U.S. payments giant already has more than 9 million customers in Australia. The expansion will aid the company in retaining the existing clients and attracting new ones to its platform, courtesy of customer-friendly payment options.
Further, this will give it a competitive edge over Afterpay Ltd and and Zip Co Ltd that already lead the domestic market.
We note that the company’s commitment to deliver enhanced user experience through constant strengthening of the portfolio has been driving momentum across merchants, which in turn is instilling investor confidence in the stock.
What is ‘Pay in 4’ Solution
The ‘Pay in 4’ Solution enables merchants to allow their customers to make payments for purchases ranging from $30-$600 in four interest free installments over a period of six weeks.
Further, merchants are not required to pay additional fees for the new solution as it is included in their current PayPal prices.
Additionally, customers can enjoy a seamless payment experience via the PayPal app in synchronization with their PayPal wallet.
PayPal's BNPL solution has already been rolled out in the United States and Britain. The expansion of the ‘Pay in 4’ service to Australia will act as a catalyst and thereby expand the company’s client base.
PayPal Holdings, Inc. Price and Consensus
PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. Quote
Competitive Advantage
The latest move will help it in expanding footprint in the point-of-sale lending services space. Notably, this space is growing rapidly as these services help customers in purchasing items with the ease of payment installments.
Further, the expansion will help PayPal to gain a competitive edge over Square, which is also involved in this kind of service.
Notably, Square also offers Square Installments that enables small business clients such as hairdressers and car part sellers, among others, to offer the flexibility of payment in installments to customers.
Customers are allowed to pay for their purchases ranging from $250 to $10,000 in fixed monthly installments over a period of three, six and 12 months.
Nevertheless, PayPal’s growing suite of Pay Later solutions, rising customer engagement on the PayPal platform, and flexible financing solutions as well as products including the likes of Venmo, PayPal Credit and other alternative payment methods are likely to help the company sustain its strong market position.
Zacks Rank and Stocks to Consider
PayPal currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader computer and technology sector include KLA Corporation (KLAC - Free Report) , TE Connectivity Ltd. (TEL - Free Report) and Mettler-Toledo International, Inc. (MTD - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings growth rate for KLA, TE Connectivity and Mettler-Toledo is projected at 11.6%, 10.4%, and 13.8%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>