PayPal Apply to Become a Bank in the United States

PayPal is one of the services that involves sending and receiving money easily on the internet. Not only that, now in continuing to expand their services and offer loans to small and medium-sized companies, PayPal has applied to form a bank in the United States.

With this step, it will also reduce PayPal's dependence on third parties, and operate more efficiently.

In addition to providing loans, it will also allow PayPal to offer savings account services to users. With this application, let's wait and see whether the United States authorities will allow the formation of PayPal Bank or otherwise.