PayPal and KKR Renew Agreement for European Buy Now, Pay Later Receivables

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entered into a receivables purchase agreement with Alps 2.0 Partners S.à r.l. and others to sell up to €65 billion of UK and European buy now, pay later (BNPL) loan receivables originated by PayPal. The transaction is expected to close in the fourth quarter of 2025 and is part of PayPal's strategy to manage its balance sheet while continuing to grow its BNPL portfolio in Europe. The agreement includes a receivables management agreement and is already contemplated in PayPal's 2025 guidance.

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About PayPal Holdings Inc.

PayPal Holdings Inc. is a prominent player in the digital payments industry, providing an essential service that facilitates online and mobile monetary transactions globally. As a leading payment solutions provider, PayPal enables individuals and businesses to send and receive funds with ease and security without sharing financial information with third parties. Its platform supports a variety of payment options, including credit cards, bank accounts, and stored digital balances. PayPal has significantly impacted the e-commerce sector, empowering businesses of all sizes to reach a global customer base. Additionally, it offers tailored financial solutions for merchants, including invoicing and working capital services. Operating in over 200 markets worldwide, PayPal plays a crucial role in the financial ecosystem by promoting digital payment adoption and financial inclusion. With its continuous technological advancements and partnerships with leading retail and tech companies, PayPal remains at the forefront of transforming how people conduct financial transactions in the digital age.