The technology giant has seen an uptick in growth in its consumer loans financing business in the UK.
PayPal Credit, which funds point of sale financing for UK retailers online, has passed £2bn of lending.
The service allows businesses to offer customers instalment payments on larger purchases and has clocked up 1.5m user accounts in the UK.
Retailers, including Dell, Voxi, Box Ltd, Watches of Switzerland, Goldsmiths and Mappin & Webb, also offer instalments with PayPal Credit.
Darrell Esch, Senior Vice President, Credit at PayPal, said: “Since we launched PayPal Credit in the UK we’ve seen a wide range of retailers adding it into their payment offer – giving customers greater choice at checkout.
“PayPal Credit is like a credit card without the plastic, which consumers can use online. This has made it easier for consumers to manage spending, spreading the cost of larger purchases and helping them buy the goods they really want.”