PayPal’s New Mobile Bank

As predicted.. This is less of a “super app” than a MUCH NEEDED rebundling of services. This is a consumer branding effort.

Quick thoughts on today’s announcement

  1. Techcrunch
  2. PayPal Blog

This is a solid product.. Not a “super app” but perhaps the best mobile first bank in the US (and beyond). What is NEW? 

    • Mobile UI to integrate all those heterogeneous apps (and acquisitions)
    • High yield savings account (0.4% APR) powered by synchrony
    • Integration of Honey offers/rebates/loyalty programs
    • Better Direct Deposit/Bill Pay integration (ex faster clearing/availability of direct deposits)
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