PayPal Stock Jumps After Naming India's UPI As First Global Payments Partner
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PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose 5.78% to $75.41 after CEO announced India's Unified Payments Interface (UPI) as its first global payments partner. This collaboration with NPCI International Payments Limited aims to enhance international digital payments. Additionally, PayPal launched Ads Manager for small businesses to create retail media networks without upfront costs. The company also introduced a 5% cash back on buy now, pay later purchases to support U.S. shoppers during the holiday season. Investors can access PYPL through Amplify Digital Payments ETF and Global X FinTech ETF.
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