What Happens after PayPal Closes Its Transaction with Synchrony?
PayPal’s (PYPL) sale of its ~$6.0 billion consumer loan portfolio to Synchrony Financial (SYF) doesn’t mean that it is exiting the credit business. PayPal made it clear in its announcement that although Synchrony was purchasing its US (SPY) consumer loan business, it expects to remain in the credit business through its international operations.