PayPal, Mastercard See Big Partnership Opportunity with Major Banks
In a recent interview, top executives from PayPal and Mastercard expressed their desire for their companies to partner with major banks, saying that it would be a good way to create new user experiences and solidify customer trust.
PayPal chief Bill Ready said that it is a false premise that banks have to lose so fintechs can win. Instead, the two have to engage in a reciprocally-beneficial relationship.
Meanwhile, MasterCard’s Ann Cairns said that Apple Pay is a good example of a financial services firm joining forces with a tech giant.