TechCrunch

Venmo Launches Its First Credit Card, Offering Up to 3% Cash Back, Personalized Rewards

Venmo Launches Its First Credit Card, Offering Up to 3% Cash Back, Personalized Rewards

Last October, Venmo announced it would launch its first credit card sometime in 2020. Today, the PayPal-owned company is making good on those promises with the debut of the Venmo Credit Card, initially rolling out to select customers.

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PayPal, Visa Expand Instant Transfers for Fast Payouts Globally on All PayPal’s Networks

PayPal, Visa Expand Instant Transfers for Fast Payouts Globally on All PayPal’s Networks

The COVID-19 pandemic continues to put huge stress on people’s and businesses’ finances, and in an effort to meet some of the crunch, today PayPal and Visa announced an expansion of a service to get cash into people’s hands faster.

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PayPal Joins the ‘Buy Now, Pay Later’ Race With New ‘Pay in 4’ Installment Program

PayPal Joins the ‘Buy Now, Pay Later’ Race With New ‘Pay in 4’ Installment Program

PayPal today introduced a new installment credit option for PayPal users called “Pay in 4.” The name itself explains what the service offers — basically, it’s the ability for customers to pay for purchases, interest-free, over four separate payments.

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Google Signs Up Six More Partners for Its Digital Banking Platform Coming to Google Pay

Google Signs Up Six More Partners for Its Digital Banking Platform Coming to Google Pay

Google is expanding its plans to offer digital banking services in the U.S. The company announced today it’s partnering with half a dozen more banks to offer digital checking and savings accounts to Google Pay users in the U.S., starting sometime next year.

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Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

Lightweight ‘Banking via Messaging’ Services Are Getting Gen Z Buzz

More evidence that Gen Z is switching to chat platforms for just about everything, including banking, emerges today in the news that Zelf, a fintech startup offering neobank-style services, is generating buzz amongst Gen-Zers in Spain and France.

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Brex Brings on $150M in New Cash in Case of an ‘Extended Recession’

Brex Brings on $150M in New Cash in Case of an ‘Extended Recession’

Brex brings on $150M in new cash in case of an ‘extended recession’ Fast-growing fintech behemoth Brex is raising big money as its customer base itself — high-growth and spendy startups — is struggling.

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Leaked Pics Reveal Google Smart Debit Card to Rival Apple’s

Leaked Pics Reveal Google Smart Debit Card to Rival Apple’s

Would you pay with a “Google Card?” TechCrunch has attained imagery that shows Google is developing its own physical and virtual debit cards. The Google card and associated checking account will allow users to buy things with a card, mobile phone or online.

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Jack Dorsey Creates $1B COVID-19 Relief Fund Using Square Equity

Jack Dorsey Creates $1B COVID-19 Relief Fund Using Square Equity

Jack Dorsey announced in a series of tweets today that he is shifting $1 billion in his Square equity to create a fund dedicated to COVID-19 relief. The Twitter and Square CEO is calling the fund Start Small and posting a tally of disbursements and recipients in a public spreadsheet.

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Mobile App Spending to Double by 2024, Despite Economic Impacts of COVID-19

Mobile App Spending to Double by 2024, Despite Economic Impacts of COVID-19

The spread of COVID-19 has already had a significant impact on the mobile app industry and that will continue in the years to come.

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PayPal Completes GoPay Acquisition, Allowing the Payments Platform to Enter China

PayPal Completes GoPay Acquisition, Allowing the Payments Platform to Enter China

PayPal this morning announced it has completed its acquisition of a 70% equity stake in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), making PayPal the first foreign payment platform to provide online payment services in China. The transaction was approved by the People’s Bank of China on September 30 and has now closed.

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Uber Has Surveyed Some Drivers on Small Loans, Suggesting Financial Products Are Coming

Uber Has Surveyed Some Drivers on Small Loans, Suggesting Financial Products Are Coming

Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation.

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Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook is pulling away from its ambitions to provide peer-to-peer money transfers via Messenger in Europe. Today, the company announced that it would be discontinuing the service — which let individuals send money to each other — in the two countries in the region where it had rolled it out, the UK and France on […]

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