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PayPal introduces 5% cash back on buy now pay later purchases

PayPal (PYPL) announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later purchases between now and the end of the year. With PayPal’s BNPL offering, shoppers can split purchases into payments and earn cash back. PayPal is also introducing pay monthly in-store in the U.S.

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