- PayPal (NASDAQ:PYPL) and Mastercard (NYSE:MA) announced global expansion of the popular PayPal Business Debit Mastercard, enabling small businesses to have instant access to PayPal funds and giving them unlimited 0.5% cash back on all their eligible spending.
- The PayPal Business Debit Mastercard is now available in five new European countries - Austria, France, Ireland, Italy and Spain - in addition to its existing availability in Germany, the United Kingdom and the United States.
- The debit card has no monthly fees, no foreign exchange fees and a flat ATM withdrawal charge of just €2 worldwide.
- PayPal is pointing towards solid growth rates ahead, with 20%-plus revenues expected, wrote Michael Wiggins De Oliveira in his article "PayPal: Not Slowing Down, Picking Up Speed, Cheaply Valued."