Venmo, a payment service owned by PayPal, is about to launch its own credit card to compete with the Apple Card. The Venmo credit card was announced a year ago, and now 9to5Mac has obtained exclusive details about this card that will offer digital services through a new app.
Sources familiar with the subject told 9to5Mac that Venmo’s credit card is still under development, and it might be launched soon, as the company has promised that its credit card will be available to US users by 2020.
9to5Mac also obtained an image showing the activation process of the Venmo credit card in iOS through a new app, which should make the process of managing the card simpler and more intuitive. Users will be able to activate a new Venmo card by simply pointing the iPhone camera at the card, which will have a QR Code to finish the activation process.
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