PayPal and Mastercard Execs Talk about Partnering with Banks and Tech Companies in Davos

Bill Ready, COO of PayPal made an interesting analogy speaking at the World Economic Forum that fintech firms should look at banking rivals using the example of smartphone makers and cellular networks; he sees bank partnerships as a huge opportunity as opposed to an environment where fintechs have to win at the expense of banks losing; Mastercard Vice Chairman Ann Cairns shared her perspective on partnering with Apple Pay as an example of parting with a tech company. Source