Mastercard (MA) and PayPal (PYPL) Team Up to Enhance Payment Choices

Mastercard Inc. (NYSE:MA) and PayPal Holdings, Inc. (NASDAQ:PYPL) are collaborating to enhance payment flexibility for shoppers. On June 3, Mastercard announced its partnership with PayPal, aimed at offering consumers improved options and control over transactions.

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The strategic partnership follows the unveiling of One Credential, which allows customers to use a single credential to pay and tailor payment preferences. While shopping online or in stores, shoppers will no longer have to juggle between cards or payment methods. Instead, they only have to use a single credential thanks to One Credential.

The new payment solution gives consumers more choices and control over payments. Additionally, One Credential will deliver personalized digital experiences expected to build consumer confidence and trust. The service will also help PayPal users build healthier financial habits, from debit to structured credit.

One Credential expands Mastercard and PayPal’s long-standing partnership, which has seen them unveil various payment solutions. The two payment companies have partnered on the PayPal Debit Mastercard and the PayPal Business Debit Mastercard.

Mastercard is a technology company that facilitates secure, simple, and smart transactions. It connects and powers an inclusive digital economy, enabling individuals, financial institutions, governments, and businesses to realize their full potential.

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