More than a quarter of the U.S. population can be at one time unable to have or hold a bank account or to afford the fees of banking products. At PayPal, we decided to give a solution to all those affected by these financial issues.
We created a new PayPal product offering banking-oriented financial products to the underserved segment of customers that might at one point not have access to banking institutions. We created products that solved needs such as:
Easily paying around with a debit card
Conveniently adding cash to their online accounts
Having immediate access to money from cashing a check
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