The PayPal payment platform recorded an increase of almost 400% in the volume of purchases through its BNPL service (buy now, pay later) amid the Black Friday sales holiday.Bloomchain.ru reports that PayPal President and CEO Dan Schulman told about this at the “Mad Money” program on CNBC. “During Black Friday, the volume of purchases through our BNPL service increased by almost 400%, compared to the results of last year,” said the head of the payment platform, adding that on the day of the holiday, PayPal processed about 750 thousand transactions.Dan Schulman noted that in November, the company’s users made $1 billion purchases through its BNPL service. The result was a record for PayPal. 08.09.2021 | 16:34 PayPal to pay $2.7bn for Japanese buy now, pay later provider In September, we reported that PayPal agreed to acquire Paidy, a Tokyo-based buy now, pay later group, (BNPL) for $2.7 billion. In 2020 the company launched the country’s first zero-interest post-payment service.Paidy allows its 6m registered users to split the cost of goods into three equal installments with no interest. Users can pay off their balance using cash at convenience stores or bank transfers. The partner of Fintech section is Tweet Views 38116