SAN JOSE, Calif.—Venmo is moving from enabling payments with emojis on a phone to a more traditional method.
The popular app, owned by PayPal, will offer a Venmo-branded credit card in 2020, CNBC reported.
Synchrony Financial will handle the banking side of the card.
The app started with peer-to-peer payments and became famous for incorporating a social network with the ability to "like" and comment on friends' transactions. Venmo has since brought in 40 million users, launched a debit card last year and offers a "pay with Venmo" option with partners like Uber, CNBC noted.