PayPal says goodbye to the old £5 note with selfie competition

19th May 2017
PayPal says goodbye to the old £5 note with selfie competition

Multi-million-pound payment company, PayPal continue their 'New Money' campaign by enticing entrants with an interactive selfie competition (until 12th May) which they have to take with their old £5 notes and if they win they will get £10 in a digital wallet in their name.

Alison Sagar, Chief Marketing Officer at PayPal UK, said: “Instead, we thought we’d offer our customers the chance to exchange a selfie with their old £5 note for £10 credit in their PayPal account. It’s all part of our New Money campaign that launched last year, and celebrates the ways technology is transforming financial services.”

The competition and new money scheme come after 150 million notes lost legal tender status earlier this month as the bank of England looked to replace and modernise the money that was in circulation. This update to the new £5 notes has left many people with £5 notes that arent worth anything anymore as shops can legally refuse to accept the old notes although many may still accept them with discretion.


Leave a Comment

Submitting this form will create you an account on this site for submitting comments, raising disputes and other features as we add them. If you've already got an account you will receive an email asking you to confirm this comment is really by you!

Know a great web designer, developer or marketer?

Tell them to apply to join The Web Guild - it’s free for anyone who gets a company profile approved before the end of March! Read our How it Works page or sign up here!

<< Back to news