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.

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