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PayPal Rolling Out Venmo Credit Card

TheMotleyFool

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PayPal Holdings (NASDAQ: PYPL), obviously not shy about extending the reach of its Venmo brand, announced Monday it is launching the inaugural Venmo credit card. The plastic will be issued by consumer credit card specialist Synchrony Financial (NYSE: SYF) and carry the Visa (NYSE: V) brand.

The move marks the first serious expansion of the Venmo name. Up until now, it has been purely a peer-to-peer payment system, in which people can pay typically small sums of money to one another quickly through the dedicated Venmo app.

Image source: PayPal Holdings.

Source Fool.com

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