During Monday morning trading in US markets, PayPal (PYPL) gained 2.3% following the company's announcement of a 5% cashback promotion for buy now, pay later transactions targeting the US holiday shopping season. The promotional offer applies to eligible transactions through the end of the year, while PayPal continues expanding its "Pay Monthly" option across physical retail locations nationwide.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.