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What PayPal Has Gained from Partnering with MasterCard

What PayPal Has Gained from Partnering with MasterCard

In 2016, PayPal (PYPL) showed a shift in strategy when it decided to partner with MasterCard (MA) and Visa (V) rather than continuing to compete with them. Commenting on the deals a few months later at the WSJDLive conference in Laguna Beach, California, PayPal CEO Dan Schulman stated that “we think we can be great allies…to advance the cause of digital payments,” according to The Wall Street Journal. A year after the card network deals, at the Credit Suisse 21st Annual Technology, Media & Telecom Conference, PayPal chief financial officer John Rainey said that the company had a lot to show for its partnerships with MasterCard and Visa.