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Venmo in talks with Synchrony to offer credit card

Ben Miller
Venmo in talks with Synchrony to offer credit card

Online payment-sharing company Venmo is in talks to select Synchrony Financial to issue its first-ever credit card, according to a report. The Wall Street Journal reported that Venmo, owned by PayPal Holdings Inc. (Nasdaq: PYPL), will pick Connecticut-based Synchrony (NYSE: SYF) to issue a Venmo-branded credit card sometime this year. Venmo allows users to split the cost of transactions, such as at a restaurant or at the movies, and also allows users to transfer money to banks.