MasterCard, PayPal expand partnership outside US

MasterCard and PayPal are significantly expanding their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa that's meant to enhance customer choice, optimize the consumer experience and make MasterCard a clear payment option within PayPal worldwide.

Similar to previous agreements, the expansion will create a number of joint growth opportunities that will advance MasterCard and PayPal’s shared vision to offer consumers greater choice and flexibility to manage and move their money, according to a press release.

MasterCard will be presented as a clear and equal payment option within the PayPal Wallet, making MasterCard and their issuers easily identifiable to the consumer when transacting, according to the release.

Consumers will also see a familiar digital representation of their MasterCard from their chosen issuer. Additionally, consumers will be able to choose MasterCard as their default payment method to allow for quick and easy check-out.

Topics: Card Brands, In-App Payments, Mobile/Digital Wallet, Trends / Statistics

Companies: PayPal, MasterCard

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