It seems that the Paypal is looking to give another direction to its services, since it is expected that the digital wallet with may now contain debit cards that will allow the user to make payments and withdraw money in multi-tapes.
That is, in addition to other banking services, such as the possibility of depositing a check in your account by taking a picture of it and even personal loans. Paypal's idea is to put people without bank accounts on its platform, instead of converting existing customers from traditional banks.
Is this service already being tested?
O PayPal has tested this new service on some users in the US in recent months, having linked to several small banks to handle these various functions. It is worth noting that the company has distributed physical cards before: you can receive prepaid cards that work anywhere MasterCard is accepted as debit and reload them whenever you wish.
By all indications, the company is unlikely to be the only first-technology company to enter the financial market in the near future: Amazon is supposed to work on launching its own service, with bank accounts for the unbanked. It seems that the future of the consumer bank will have little to do with traditional banks.
Comment: good morning sr
money was transferred to my paypal account how do i withdraw the amounts? Luanda Angola