PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances | TechCrunch.

This is an interesting example on how simple payment providers can expand into loaning and other financial services leveraging the truck loads of information generated online from e-commerce. Banks due diligence can be streamlined in minutes when customers provide themselves reliable business data that can be verified with a few clicks.

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