The PayPal subsidiary Venmo introduces the first credit card at Synchrony Bank

New York-based social payments app Venmo has announced the launch of its first credit card in partnership with Synchrony Bank, which is already the publisher of the Mastercard and Cashback Mastercard extras from Venmo’s parent company PayPal.

By the second half of 2020, Venmo hopes that its “more convenient credit card” will offer consumers “24/7 access” with “detailed controls”, according to a company release.

This new product for Venmo is still unprofitable and …

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