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The Wall Street Journal: PayPal makes deal with MasterCard to boost its payments in stores

PayPal Holdings Inc. has struck another deal with a payments network, this time MasterCard Inc., as it seeks to carve out a foothold in stores, according to the company.

This follows its big deal with Visa Inc. V, +0.86% earlier this year. The two deals in quick succession are among the biggest moves so far in the online-payments pioneer’s post-independence strategy after splitting off from eBay Inc. last year.

The aim is to end bitter fights with the big card issuers and make PayPal PYPL, +0.65% a universally accepted method of payment. This would include in stores at the checkout counter, with MasterCard MA, +0.28% and Visa’s mobile-tap tools, the big new frontier for payments companies.

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