Mastercard and PayPal have partnered to co-develop features using Mastercard’s One Credential, a solution that enables consumers to use a single credential when shopping online or in-store. The companies aim to use this solution to give consumers more choice and control over how they pay at checkout, allowing them to access multiple payment options. One Credential can also help PayPal users improve their creditworthiness and progress from debit to installments and other structured credit. “We both want to reduce friction for consumers and bring them more power over how they pay,” Chris Sweetland, senior vice president of partnerships at PayPal, said. Bunita Sawhney, chief consumer product officer at Mastercard, said that the partnership with PayPal will build on “our collective strength of global payments innovation. With One Credential, we’re delivering the personalized digital experiences that build consumer confidence and trust.” Mastercard’s One Credential will allow consumers to choose to pay with debit, installments, prepaid or credit. Users can set their preferences online or in an app. They can also set preferences based on transaction type and time. For example, users can specify their checking account for expenses under $100, their credit card for expenses over $100 and installments for occasional larger purchases. Mastercard is now rolling out One Credential as a network-level capability worldwide.