PayPal is collaborating with Mastercard to utilize the new One Credential feature, enhancing payment options available to shoppers at checkout.
Unveiled earlier this year, One Credential is a unified digital credential that allows consumers and businesses access to various scheduled payment options, including debit, installments, prepaid, and credit.
The partnership is focused on co-developing features that leverage this technology to provide shoppers with personalized payment options through a single card, simplifying their digital experience.
The initiative aims to help PayPal users "build healthier financial habits" by facilitating a transition from debit to structured credit, ultimately enhancing creditworthiness.
This announcement coincides with PayPal’s launch of its new physical credit card in collaboration with Mastercard.
Bunita Sawhney, Chief Consumer Officer at Mastercard, stated, “We’re excited to empower consumers with more choice and control over how they pay together with PayPal, building on our collective strength of global payments innovation.”