Mastercard, PayPal announce a global digital partnership
(10 October 2017 – Global) Mastercard and PayPal have expanded their partnership to include Canada, Europe, Latin America and the Caribbean and the Middle East and Africa.
With the addition of these markets – and following the recent expansion of their partnership into the US and Asia Pacific – Mastercard and PayPal have now reached a global agreement.
The partnership will make Mastercard a clear payment option within PayPal across the globe. Furthermore, consumers will be able to choose Mastercard as their default payment method to allow for quick and easy check-out.
PayPal will gain access to tokenisation services from Mastercard, allowing customers to make contactless in-store purchases by using their PayPal Wallet. Consumers can also withdraw money from their PayPal accounts to a Mastercard debit card.
Masterpass will be presented as a payment option for merchants that process payments via Braintree in Europe, Latin America and the Caribbean and the Middle East and Africa – in addition to the US and Asia Pacific.