Mastercard, PayPal Partner To Offer Consumers More Payment Control
Lekha Gupta 1 year ago
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Mastercard and PayPal have partnered to improve consumer choice and control during checkout by introducing One Credential, a single payment identifier that can be tailored to individual preferences. This will also support healthier financial practices for PayPal users and strengthen the companies' collaboration on payment solutions. Investors can gain exposure to Mastercard through BELT and IYG. MA shares are up 0.29% at $583.65 premarket.
Mastercard Incorporated (NYSE:MA) disclosed a collaboration with PayPal Holdings, Inc. (NASDAQ:PYPL) to enhance consumer choice and control during checkout.
The partnership will now enable Mastercard and PayPal to co-develop new features leveraging Mastercard’s One Credential, bringing these solutions to a wider consumer base.
One Credential can also support PayPal users in developing healthier financial practices, facilitating their progression from debit to structured credit options like installments as they build creditworthiness.
Mastercard is implementing One Credential as a network-level capability globally, allowing issuers to empower consumers with choice and control on a large scale.
This initiative further strengthens Mastercard and PayPal’s established collaboration on payment solutions, which includes the PayPal Debit Mastercard and PayPal Business Debit Mastercard.
Chris Sweetland, SVP of Partnerships at PayPal, said, “We both want to reduce friction for consumers and bring them more power over how they pay.”
Last month, Mastercard partnered with crypto infrastructure company MoonPay to launch stablecoin-based payment solutions for global use.
Investors can gain exposure to the stock via iShares Long-Term U.S. Equity Active ETF (NASDAQ:BELT) and iShares U.S. Financial Services ETF (NYSE:IYG).
Price Action: MA shares are trading higher by 0.29% to $583.65 premarket at last check Wednesday.
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