PayPal Holdings Inc. is set to launch a new credit card as part of its strategy to strengthen its presence in physical retail locations.

The card, issued by Synchrony Financial, will expand PayPal’s lineup of financial products, which already includes a long-standing debit card and a 3% cash-back credit card.

The California-based company said the new credit card will feature a six-month promotional offer of no-interest financing on eligible travel purchases, such as flights and hotel bookings.

This initiative is aimed at boosting PayPal’s visibility and usage in in-person transactions, complementing its strong online presence.

“PayPal Credit is one of our most popular products,” said Scott Young, global head of consumer financial services at PayPal.

He added that the new card will offer customers “more choice and flexibility wherever they shop.”

PayPal is set to distribute its new physical credit card to U.S. customers in the coming weeks, according to a company statement.

Issued by Synchrony Financial, the card will feature a six-month no-interest financing offer on eligible travel purchases and will expand PayPal’s existing lineup of financial products.

This launch is part of a broader wave of activity from the San Jose-based company.

In recent months, PayPal has made strategic investments in stablecoin technology, formed alliances with competitors to expand its market presence, and introduced an advertising business, signalling its intent to diversify and strengthen its position in the financial services landscape.