SAN JOSE, Calif., March 31, 2020 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced a set of relief measures to help its more than 24 million merchants around the world impacted by the coronavirus (COVID-19). The company is waiving certain fees and will be deferring repayments on business loans for some of its most affected small business customers.
"Small businesses are the lifeblood of our national and global economies, creating jobs and helping local communities and families thrive. When they succeed, we all succeed. We are taking immediate steps to help our small business customers who are most impacted by the coronavirus pandemic to help them navigate these challenging times," said Dan Schulman, president and CEO, PayPal. "This is just the beginning. We all need to step up to support our small businesses. We are actively working with governments and private sector partners to help support businesses in this time of need."
PayPal's efforts to assist its business customers impacted by the coronavirus include:
PayPal continues to focus on providing access to the tools, products and financing on which its small business customers rely.
For the latest information about PayPal's response to the coronavirus, please visit the company's newsroom.
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 300 million consumer and merchant accounts in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.
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SOURCE PayPal Holdings, Inc.