PayPal Launches Debit Card for Its Mobile App Venmo

PayPal Launches Debit Card for Its Mobile App Venmo
The PayPal app logo seen on a mobile phone in this illustration photo on Oct. 16, 2017. Thomas White/Illustration/REUTERS
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PayPal Holdings Inc said on Monday it is launching a debit card for users of its mobile app Venmo in a bid to broaden its reach with younger users.

Venmo, which has been part of PayPal since 2013, is one of the more popular mobile applications for person-to-person payments in the United States.