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PayPal (PYPL) Stock Rises on Expanded Mastercard Deal

NEW YORK (TheStreet) -- Shares of PayPal (PYPL) were advancing in pre-market trading on Tuesday after the San Jose, CA-based payment platform company announced it was expanding its partnership with Mastercard (MA) to allow customers to use PayPal's payment services in stores.

PayPal will allow customers to make Mastercard their automatic payment option, and consumers and small businesses will now be able to cash out funds from PayPal accounts immediately onto a Mastercard debit card, according to a statement.

The company is also offering Mastercard as a...


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