OLB Group Inc(NASDAQ:OLB) shares are trading sharply higher Tuesday morning after the fintech and payment technology provider announced a global partner agreement with PayPal Holdings Inc(NASDAQ:PYPL). Here’s what investors need to know.
The deal authorizes OLB to integrate and promote PayPal's checkout and wallet solutions across its SecurePay gateway and other commerce platforms.
Through the partnership, OLB merchants will gain access to PayPal Checkout, Venmo, PayPal Pay Later and PayPal Credit, along with PayPal's fraud protection and cross-border payment tools.
Per OLB Group, the integration is designed to simplify merchant onboarding, consolidate settlement and reporting and expand access to buyers in more than 200 markets.
OLB Targets Higher Payment Volumes, New Merchants
OLB will lead technical integration, merchant enablement and ongoing account support, and PayPal will provide platform technology and brand resources. Management expects the agreement to help attract merchants seeking turnkey access to PayPal and increase revenue per merchant through higher payment volumes and value-added services.
The rollout is scheduled to begin in phases starting in the first quarter of 2026, with initial availability focused on existing SecurePay merchants.
Short-Term Momentum Builds
OLB stock is currently trading 12.5% above its 20-day simple moving average (SMA), indicating short-term strength, while it is 20.8% below its 100-day SMA, suggesting some longer-term challenges.
Over the past 12 months, shares have decreased by 34.65%, and they are currently positioned closer to their 52-week lows than highs.
The RSI is not available, but the MACD status remains neutral, indicating that the stock is not showing strong bullish or bearish momentum at this time. The combination of neutral indicators suggests that traders should remain cautious as the stock navigates its current price levels.
Key Resistance: $1.50
Key Support: 75 cents
The overall market has been experiencing fluctuations, with various sectors reacting differently to economic indicators. While some sectors are under pressure due to concerns about inflation and interest rates, fintech stocks like OLB have benefited from a shift in consumer behavior towards digital solutions.
OLB Group’s Fintech Services
The OLB Group is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. It focuses on a suite of products in the merchant services marketplace and seeks to provide integrated business solutions to merchants throughout the United States.
The company’s offerings include a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses, whether online or at a brick-and-mortar location.
OLB Shares Skyrocket Tuesday
OLB Price Action: OLB Group shares were up 137.32% at 99 cents at the time of publication on Tuesday, according to Benzinga Pro data.
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