06 October 2020

Venmo launches credit card

Written By FinTech Alliance

Venmo launches credit card

It comes with a personalised rewards setup and a built in QR code.

In Brief:

  • The contactless Visa card is issued by Synchrony and can be managed within the Venmo app.
  • Customers can track spending, organised into categories such as groceries, bills, dining and transportation.
  • The card has a unique QR code that can be shared to send a payment or split a purchase.

What does this mean

Venmo follows other mobile payment providers into the physical card space - knowing that consumers want a variety of payment options but with the functionality they've come to expect from digital.

Read more here

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