I think maybe you're asking about the matte presentation paper AND the Mod Podge? Yes on both. I'm one of the few people who actually likes and prefers Mod Podge for my altered projects. Again, I'm definitely in the minority here. But I use it on almost all of my altered projects. You can use it on just about anything. I slather it on with one of those foam paint brushes, just a thin coat. And what I like about it (as opposed to sticky strip or double-sided tape or other permanent adhesive) is that I have a few seconds at least to make sure my paper is exactly where I want it. I can kind of still work my paper around just a tad before it's completely stuck. Most people's complaint with Mod Podge is that they get air bubbles or that their paper is warped. I've never really had this problem. I just make sure I continue to work my paper while the glue is still wet, running my hands over it to smooth it down really well, and I try to work from the middle out towards the edges when I put my paper down in the first place. Only once did I have a small air bubble and I just used a tiny little straight pin and poked the smallest hole in the paper and then while the glue was still wet, smoothed the paper down and that air was allowed to escape through the tiny hole. You couldn't see the hole once the paper was all smoothed down.
But again, I think I'm the only hybrid babe who loves Mod Podge and uses it often. I don't use it on cards or to adhere paper to paper, but I use it to adhere paper to just about everything else (wood, metal, glass, plastic, etc).