November 16, 2017 / 1:11 PM / in a month

BRIEF-PayPal and Synchrony Financial announce expanded strategic credit relationship

Nov 16 (Reuters) - PayPal Holdings Inc

* PayPal and Synchrony Financial announce expanded strategic credit relationship

* Synchrony Financial - co will buy $6.8 billion in receivables, including PayPal’s U.S. Consumer credit receivables portfolio

* Synchrony Financial - ‍at closing, PayPal and Synchrony Bank will extend existing co-brand consumer credit card program agreement​

* Synchrony Financial -‍ at closing,Synchrony Bank to become exclusive issuer of PayPal Credit online consumer financing program, in U.S. For 10 years​ Source text for Eikon: Further company coverage:

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