Friday , April 27 2018
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PayPal wants to give you a debit and ATM card

PayPal is looking to round its digital wallet service with the introduction of debit cards that you can use to make payments and withdraw cash at ATMs, reports The Wall Street Journal.

That’s in addition to other banking services like being able to deposit a check to your account by taking a picture of it, and even personal and small business loans. The idea is to get people without banking accounts onto its platform, rather than to convert existing customers of traditional banks.

PayPal has been testing its new offerings with some users in the US for the past few months, having tied up with a number of small banks to handle these various functions. It’s worth noting that the company has given out physical cards before: you can get prepaid cards that work anywhere Debit MasterCard is accepted, and reload them whenever you like.

PayPal already offers a prepaid card you can use to make online and offline purchases