PayPal, Venmo credit and debit cards can be added to Apple Wallet
AsiaVision

PayPal (NASDAQ:PYPL) and Venmo credit or debit cardholders can now link their cards to Apple Pay (NASDAQ:AAPL), while still earning their usual cashback and rewards, PayPal said on Tuesday.
Cardholders can add their cards to Apple Wallet and make payments through the tap of their iPhone or Apple Watch, the company said in a press release. They can use Apple Pay for payments in-store, online, or through apps that accept Apple Pay.

The announcement comes as mobile wallets gain in popularity. A survey by Morning Consult found that 42% of Americans have used mobile wallets.
The connection with Apple (AAPL) didn't help PayPal's stock in Tuesday trading. PYPL fell 1.3% in early afternoon trading. Apple stock, meanwhile, slipped 0.6%.


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