Alliance Data Systems Corporation (ADS), Mastercard Inc (MA): PayPal Wants to Be Your Financial-Services Everything

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In short, there is no shortage of options to pay for goods and services (whatever happened to simply paying cash?). And while there are a number of bigger, better financed rivals in the field, PayPal, as a well-known and trusted player, can still make its mark here. Add in a separate agreement with MoneyGram International Inc (NASDAQ:MGI) to transfer money from PayPal accounts or receive the funds in cash at some 5,000 MoneyGram locations — a program that should be expanded to all 40,000 storefronts by the end of the year — and PayPal could soon become a one-stop shop for all of your financial services needs.

The article PayPal Wants to Be Your Financial-Services Everything originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends  Visa. It recommends and owns shares of eBay, Google, and MasterCard.

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