Years of friction could be over as PayPal is talking to MasterCard on a potential strategic alliance, according to the Financial Times.
PayPal, with its network of 188 million active users, has been expanding at MasterCard’s and Visa’s expense. One example was its recent partnership with Mexican telecommunications giant América Móvil for growth in Latin America. PayPal’s payments processed also increased 28% in the most recent quarter to $86 billion.
