PayPal Is Launching a Venmo Credit Card to Help Monetize The Payment App

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PayPal is partnering with Synchrony Financial to launch a credit card for Venmo users.
The popular peer-to-peer mobile payments app has attracted 40 million users but hasn’t been able to turn a profit for its parent company. Venmo launched a debit card last year.
“The next natural extension was to have a Venmo credit card,” says PayPal’s Darrell Esch.
https://www.cnbc.com/2019/10/17/paypals-venmo-is-launching-a-credit-card.html

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