PayPal CEO Says Gen Z Is Ditching Credit Cards For BNPL

PayPal Holdings Inc’s (NASDAQ:PYPL) comeback story may not be about a new product — but a new generation.
Responding to analyst questions over its third-quarter earnings call, CEO Alex Chriss said the company is aligning itself with how younger consumers are reshaping the very idea of credit.
PYPL stock is surging in response to earnings beat, here.
‘A Real Shift To Buy Now, Pay Later’
Chriss told investors during PayPal’s earnings call that the company sees