PayPal Holdings, Inc. (NASDAQ:PYPL) is one of the 10 Best Non-Tech Stocks to Buy and Hold For 3 Years. On June 26, PayPal Holdings, Inc. (NASDAQ:PYPL) announced signing multi-year agreements with the Big Ten and Big 12 college sports conferences. These partnerships aim to modernize how universities pay student-athletes. This follows a recent court decision allowing colleges to share revenue directly with athletes.
As part of the partnership, the athletic departments can now send payments to student-athletes using PayPal. This is particularly important for student athletes as they can use these funds through PayPal to fund various activities on campus. PayPal Holdings, Inc. (NASDAQ:PYPL)’s PayPal app and Venmo are already popular with students for daily payments. This partnership will make PayPal a preferred platform for tuition fee payments as well.
A consumer in a cafe paying for goods using a mobile payment app.
PayPal Holdings, Inc. (NASDAQ:PYPL) provides digital financial payment platforms for consumers and merchants.
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Disclosure: None. This article is originally published at Insider Monkey.
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