PYPL PayPal Holdings Inc

   By Stephen Nakrosis 
 

PayPal Holdings Inc. on Monday said it agreed to a multi-year sponsorship agreement with Major League Soccer's San Jose Earthquakes, which includes naming rights for the team's stadium.

The Earthquakes' stadium in San Jose, Calif., will be named PayPal Park as part of the 10-year deal.

"PayPal Park will be outfitted with PayPal's digital payments technology, including the ability to pay touch-free with QR codes at point-of-sale systems around the stadium and feature benefits like fast lanes that provide fans paying with PayPal or Venmo a quicker checkout experience," the company said.

PayPal Park will feature a 250-seat reserved section that will host members of the community who will be given access to complimentary tickets and transportation to and from home matches, the company said.

"For each home game, PayPal and the Quakes will spotlight a small business, driving exposure through signage, curated social media promotion and other marketing activities," the company said.

Local youth and nonprofit organizations will be invited to Earthquakes' training sessions and fans will be given special offers and discounts, PayPal said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 05, 2021 13:55 ET (17:55 GMT)

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