Synchrony and PayPal Bring Special Financing to Entire Mastercard Network
70 pts · High·PYMNTS·4w ago · Aug 10, 23:45 UTC·1 min read
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Synchrony has partnered with PayPal to offer special financing options across the entire Mastercard network. This collaboration aims to provide consumers with more flexible payment solutions when making purchases with Mastercard.
Key takeaways
- ▸Synchrony and PayPal's partnership targets the Mastercard customer base for financing solutions.
- ▸Consumers using Mastercard can now access special financing options through PayPal.
- ▸This initiative potentially increases transaction values and customer engagement for merchants within the Mastercard network.
Why this matters
The integration of special financing options through PayPal on the Mastercard network gives both merchants and consumers greater flexibility and purchasing power. Merchants stand to benefit from increased sales as consumers are more likely to make larger purchases when financing options are available, while Synchrony and PayPal strengthen their positions in the competitive BNPL market.
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