San Jose, Calif. and Purchase, N.Y., Sept. 6, 2016 — PayPal (NASDAQ:PYPL) and Mastercard (NYSE:MA) today announced an important expansion of their long-standing partnership that will enhance the consumer experience by making Mastercard a clear payment option within PayPal, enable Masterpass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale. This will provide increased value to Mastercard cardholders, financial institutions and PayPal customers.