Visa (NYSE:
V) and PayPal (Nasdaq:
PYPL) today announced an extension of their strategic partnership to Europe.
The two companies are already collaborating in the U.S. and Asia Pacific to accelerate the adoption of secure and convenient
online, in-app and in store payments. This latest step brings the benefits of the partnership to European consumers and
businesses.
Additionally, PayPal - under its banking license in Europe - is joining the Visa network of client financial institutions and
will be able to offer Visa accounts in Europe, enabling consumers and businesses to use their PayPal funds to spend wherever Visa
is accepted worldwide.
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