PayPal Files to Launch Its Own Bank in the United States

PayPal Holdings Inc. formally submitted applications on December 15, 2025, to establish PayPal Bank, a Utah-chartered industrial loan company, marking a major step toward becoming a regulated banking institution in the U. S. The move would allow PayPal to expand beyond payments and take greater control over lending, savings, and financial infrastructure source: https://www.ethnews.com/paypal-files-to-launch-its-own-bank-in-the-united-states/