PayPal Relaunches in UK with Enhanced Financial Ecosystem
PayPal has unveiled a comprehensive rebuild of its UK consumer experience, introducing a suite of financial products including credit cards, a loyalty program, and fee-free global spending. The new PayPal Debit Card, available at no cost, integrates directly with users' PayPal wallets and offers enhanced rewards when paired with the PayPal+ loyalty scheme.
The loyalty program allows customers to earn points across all payment methods—balance, linked cards, or Buy Now Pay Later—with debit card spending generating 10x points. Every 1,000 points converts to £10 of spendable value during online checkouts, combinable with external loyalty programs. The system operates without redemption fees or expiry dates, marking a strategic MOVE into embedded finance.