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Story summary
- PayPal, a global payments platform, and KKR & Co. Inc., a private equity firm, expanded their partnership to let KKR purchase up to €65 billion in European BNPL loan receivables through March 2028.
- The agreement includes a replenishing loan commitment of €6 billion.
- PayPal will continue managing customer-facing activities, while KKR provides funding.
- This arrangement could influence future collaborations in the financial services sector.
