July 29, 2016Blog Posts

Mastercard and PayPal hold talks about alliance

Finextra:

Mastercard’s chief executive Ajaypal Singh Banga was presenting the company’s Q2 results and told Wall Street analysts that the two respective giants of the offline and online payments markets were exploring a possible link-up that would ease some of the competitive tension that has built up between the two as PayPal continues to build its market share.

“PayPal is actually working to resolve some of those concerns we all have,” he said. “This is actually a good thing for PayPal and for the industry because at the end of the day, providing consumers the ability of having seamless, simple ways of paying is good for all of us.”

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