PayPal said on Monday it would launch a discount card for users of its Venmo mobile application in an effort to expand its reach with younger users.
This application has become part of PayPal since 2013, and is one of the most popular mobile applications to pay from one person to another in the United States. MasterCard credit card users can grow in-store payments using the balance in their application rather than having to convert Funds to their bank account.
This application has become part of PayPal since 2013, and is one of the most popular mobile applications to pay from one person to another in the United States. MasterCard credit card users can grow in-store payments using the balance in their application rather than having to convert Funds to their bank account.
This application is typically used by users to transfer funds between them, in the process of purchasing from an online application or store, or transferring funds from a credit
Venmo to a bank account, but from now on the users of this application will be able to deal with the MasterCard card, whether to pay in electronic stores using the balance in the application instead of having to transfer funds to their bank account, and this step is an indication that the Venmo application will become one of the reasons For the growth and development of PayPal in the future.
Last month, PayPal introduced a feature that allows users of Venmo to pay by using this application at more than 2 million online retailers. By offering a discount card, PayPal hopes to gain advantage over its competitors in the field of digital payments, which is increasing competition.
The debit card will be issued by Bancorp Bank, allowing users to handle up to $ 400 in daily draws.
It also provides users of this card payment in stores using the balance in their application instead of transferring funds to their bank account. Venmo application added that the application has handled many payments of $ 12 billion in the first quarter of this year