PayPal’s BNPL service was launched in late 2020. What separates PayPal from its competitors are its other offerings, including retail instalment plans, a point-of-sale solution and digital wallet, according to a senior executive from Intrepid Ventures. Although this specialist doesn’t believe they could usurp Mastercard or Visa, “if you were speculating about who might, in 10-plus years, be a third or fourth genuinely global system, PayPal might be a very dark horse in that.” Despite its strength across the board, BNPL doesn’t seem to be a focus for the company. Asked whether PayPal would continue to lag other players, a former head from Affirm commented that “there were [no] direct plans to set it up in a way that would be competitive with Afterpay or Klarna. Certainly, that could change if they decide to make an investment.”
Submit your email address for full access to our Research content.