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Lyft Partners With Venmo To Offer More Ridesharing Payment Options

PYMNTS

Rideshare platform Lyft is teaming up with Venmo to give riders the option to pay for their trip or split the cost with others, Lyft said in a statement on Thursday (Oct. In addition to paying for rideshares, users can also tap Venmo to use Lyft’s bikes and scooters where available.

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

PYMNTS

When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. And these types of payments are becoming more mainstream in retail: Venmo , the peer-to-peer payment company, is enabling its users to pay for purchases at retailer Williams-Sonoma.

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Mastercard Says “Me Too” to Visa’s PayPal Partnership

Fintech Labs Insights

Just over a month after PayPal signed a partnership with Visa , the online money transfer company has inked a deal with Mastercard. The terms of today’s agreement with Mastercard are similar to those PayPal laid out with Visa: Mastercard will be clearly presented as a payment option within the PayPal app.

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Quick & Dirty Details of the PayPal – Visa Partnership

Fintech Labs Insights

Launched in 1998, PayPal is no stranger to fintech. This week’s news may change that perspective, though not all PayPal shareholders were enamored with the deal, as the stock fell 7% today. PayPal will work with issuers to identify consumers who choose to migrate existing ACH payment flows to their Visa cards.

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Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments. Below are some statistics and trends in the demographics of how people pay, including by age, income, and location.

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The ‘Uber Of Nothing’ Is Coming

PYMNTS

Stripe — The ‘PayPal ’ of mobile”. Cookies — The ‘ Venmo’ of Europe”. But unlike the relatively straightforward task of figuring out how to make a better Band-Aid, stronger pain reliever or softer facial tissue, the Uber and PayPal and Venmo wannabes face a much tougher task. iHeartDogs — The ‘Uber’ of dog walking”.

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Facebook Expands Payments Options And Its Obsession With Snapchat

PYMNTS

Facebook hired Paypal’s David Marcus to lead the charge, and Forbes predicted that Facebook’s revenues from payments would soar. Then, in 2012, Facebook announced that it would stop its Credits and allow the use of third-party services. Companies must use either Stripe or PayPal to process payments.