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PayPal to roll out Venmo credit card

Friday 18 October 2019 13:02 CET | News

PayPal has announced that it will offer a Venmo-branded credit card in 2020, with Synchrony Financial handling the banking side of the card.

 

According to CNCB, the app started with peer-to-peer payments and incorporated a social network with the ability to like and comment on friends’ transactions.

Synchrony Financial is handling the banking side. Customers will not be logging onto Synchrony’s website; instead, they pay bills directly on the Venmo app. They can also opt to share payment history on their social feed, split purchases with other people, and get real-time alerts to monitor card activity.

 


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Keywords: PayPal, card, Venmo credit card, banking, Synchrony Financial
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce