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PayPal and Mastercard introduced new digital gift offerings as the holidays ramp up - Business Insider

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PayPal's and Mastercard's new offerings may be more valuable this year as consumers shift toward digital payments amid the pandemic

or using their physical gift card at brick-and-mortar locations that accept Mastercard contactless cards.

PayPal's and Mastercard's new offerings may be even more valuable this year as consumers increasingly PayPal's new platform can increase its overall user engagement.according to an NPR poll. Consumers may look to provide charitable donations for those in need and could turn to PayPal's Generosity Network to make those payments—and people may be more inclined to make donations during the holiday season, considering US adults donated over the holidays last year. This could lead to more engagement on PayPal's platform and might lead users to take advantage of its other products, too.

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