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PayPal Targets Unbanked Consumers with Traditional Financial Services

PayPal is taking new steps to provide unbanked Americans with “less expensive, less time-consuming” financial services. This includes a new PayPal debit card, along with the ability to directly deposit checks into a PayPal account. PayPal has long offered a debit card for business accounts, which boasts 1% cash back for purchases run as credit.

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