PayPal is seeking a banking charter that would allow it to boost its lending business, offer savings accounts that can earn interest and make customers’ deposits eligible for federal insurance ...

PayPal (PYPL) is extending the role of its PYUSD stablecoin into artificial intelligence finance, linking it to onchain funding mechanisms developed by USD.AI, a stablecoin protocol that provides ...

PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses. The company said Monday that it filed documents ...

PayPal wants to cut out the middleman and become the bank itself. The payment company announced it submitted applications to Utah regulators and the FDIC to establish what will be called PayPal Bank.

PayPal has applied to create its own bank, filing with Utah regulators and the FDIC to establish PayPal Bank, an industrial loan company. The move would streamline small-business lending, building on ...

PayPal Holdings Inc (NASDAQ: PYPL) shares are moving higher Tuesday after the company announced plans to establish a bank, which could enhance its ability to provide business lending solutions. What ...

PayPal is the latest company looking to become a bank in the US. On Monday, the company announced it had submitted applications for PayPal Bank to the Federal Deposit Insurance Corporation (FDIC) and ...

Connecting the dots: PayPal Holdings has applied for a US banking charter, a significant step in its long-term effort to deepen its role in financial services and reduce reliance on third-party ...

PayPal said Monday it has filed with Utah regulators and the FDIC to form an industrial bank. An approval would allow it to originate loans, hold deposits, and access payment networks directly. The ...

PayPal Holdings applied to set up a Utah-based bank, a move that would allow it to directly provide loans to customers instead of relying on third-party banks for much of the process. The 27-year old ...

PayPal Holdings, Inc. has officially submitted applications to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions to establish a Utah-chartered ...

PayPal PYPL0.88%increase; green up pointing triangle has applied to form a bank offering business loans and savings accounts. The digital payments company, which owns Venmo, said Monday it had filed ...