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JUST IN: PayPal Reaches Deal with MasterCard for Store Payments

PayPal Holdings Inc has entered into a deal with MasterCard Inc that will allow payments in stores, the Wall Street Journal reported.

PayPal will allow users to select a credit or debit card as the default payment method and share data on transactions made through MasterCard’s tap-and-pay feature.

PayPal reached a similar deal with Visa Inc in July to make it easier for its customers to use Visa credit and debit cards in stores.

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