Member PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice. $500 million will be devoted to the creation of an economic opportunity fund that will invest in black and under-represented minority businesses and communities, the U.S. electronic payments firm said, according to an internal memo and company statement.

Read more in this announcement by Reuters in this link.