First Visa, now PayPal is talking to MasterCard

Last month, PayPal announced a strategic alliance with Visa as part of their quarterly results. And now it looks like MasterCard is also looking for a similar deal to keep up with the time.

MasterCard CEO Ajaypal Singh Banga, MasterCard chief executive said: “PayPal is actually working to resolve some of those concerns we all have. 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.” He said that MasterCard had enjoyed a “constructive dialogue” so far.

One other MasterCard executive was more bullish. CFO Martina Hund-Mejean added: “Everybody needs to remember that we were the first network, actually, to tell them… that the way that they’re doing the PayPal wallet is not good for the ecosystem. Both parties have to be happy and we’ll announce when we can announce.”