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PayPal Unveils Innovative Money Pooling Feature, Simplifying Group Expenses Between Family and Friends [Yahoo! Finance]
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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US:NASDAQ Investor Relations: investor.paypal-corp.com
SAN JOSE, Calif. Nov. 14, 2024 /PRNewswire/ -- Today, PayPal announced a new experience that gives customers an easy way to pool money with friends and family for group gifts, travel, special events or other shared expenses. Rolling out globally across the US, Germany Italy and Spain , the new experience gives customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw. "Everyday life is all about connections, whether it's chipping in for a group gift or planning a trip with friends and family. PayPal understands this and aims to make those moments easier," said John Anderson , GM, SVP of Consumer at PayPal. "We're excited to introduce a simple, no-cost solution for collecting and managing funds for group purchases, helping our customers navigate both the social and financial aspects of their lives with each." According to a 2024 PayPal survey
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