Venmo payment app diversifies with credit card QR code launch

Credit card QR code - Venmo Credit Card

The mobile payments company has taken its first steps into the plastic card business with mobile features. Payment app Venmo, owned by PayPal Holdings Inc., has launched its first physical payment option with a credit card QR code prominently displayed on the front. The option to apply for this payment method is being rolled out in a gradual way. The cards themselves, featuring the credit card QR code, are issued by Synchrony Financial. The first wave of availability is to US consumers, according to the company. Cardholders can opt for…

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PayPal rolls out Venmo mobile payments across the United States

paypal venmo mobile payments

Millions of American retailers can now accept transactions through the system using the mobile web. This week, PayPal announced that over 2 million American retailers will soon be accepting Venmo mobile payments as a checkout option. This system is launching across the United States and reflects PayPal’s growing partnership with Venmo. The Venmo mobile payments checkout option will soon become available at any U.S. location that PayPal is accepted. Businesses with Venmo will be able to accept the transactions by way of the Braintree platform. This allows Venmo customers to…

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