PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. Payments transactions were 2.5

PayPal 49

PayPal Venmo Zelle Volume 49

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). Venmo, meanwhile, stood out as one of the best bits of news from PayPal’s Q1 earnings. According to eMarketer , nearly 80 million U.S. P2P Partnerships.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Venmo Growth. For Venmo, some of the numbers were less than detailed. retailers that accept PayPal. retailers that accept PayPal.

Zelle 42

Zelle Venmo P2P PayPal 42

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. PayPal posted $4.23 billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 PayPal posted $4.23 In all, the firm added 13.8

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

APRIL 26, 2018

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious plans for future growth. By the Numbers. Revenue for the quarter was $3.69

PayPal 47

PayPal Volume Venmo P2P 47

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. On Tuesday (Oct. million U.S.

Zelle 43

Zelle Venmo P2P PayPal 43

FICO

DECEMBER 19, 2017

This year, in the spirit of efficiency, I’m combining both predictions and resolutions by forecasting that in 2018, my wallet is going to go on a diet; it will definitely become slimmer as physical (plastic) credit cards are replaced with payment apps on my smart phone. My Predictions for 2018. Follow me on Twitter @FraudBird.

Chip Cards 55

Chip Cards Venmo Payments Credit Cards 55

PYMNTS

DECEMBER 11, 2019

The former PayPal chief operating officer is the new president of commerce at Google, according to a report by TechCrunch. Ready’s job at Google is going to be a little different than it was at PayPal, as he won’t be dealing directly with payments. At PayPal, he worked his way up and became EVP and COO of the company in 2016.

PayPal 52

PayPal Venmo Economy Product 52

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. Services like PayPal, Venmo and Apple Pay have simplified the transfer of funds and become quite commonplace. Historically, cash was king.

Verification 59

Verification Wire Transfer Online and Mobile Banking Cross-Border 59

PYMNTS

JULY 17, 2018

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between Zelle and Venmo. Last year, Zelle reported $75 billion of volume growing at 36 percent versus Venmo’s $34.6 Will Zelle Pass Venmo?

Zelle 40

Zelle Venmo P2P Privacy 40

PYMNTS

APRIL 24, 2019

Zelle also had a fortuitous fourth quarter , along with Venmo. In Q4, Venmo posted an 80 percent spike in transaction volume, hitting $19 billion in the fourth quarter of 2018, according to PayPal’s most recent financial earnings release.

Zelle 61

Zelle Payment Networks Process Venmo 61

CB Insights

AUGUST 2, 2018

From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. See the investment trends, top deals, and active investors in Q2 2018. PayPal subsidiary Venmo’s forthcoming Venmo Card operates in a similar fashion.

Debit Card 71

Debit Card Checks Accounts Venmo 71

PYMNTS

FEBRUARY 12, 2019

Ninety-five percent of these retailers offered plan options, for instance, in Q4 2018. To purchase his offering, consumers can pay either through the PayPal or Stripe payment gateways, and they select a membership plan when they purchase their IoT wobbler dog toys on PupPod’s site.

Venmo 66

Venmo Payments Payment Gateways Gateways 66

PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. more than Venmo’s 22.9 Overall, eMarketer says that users of peer-to-peer (P2P) mobile payment products will rise 30 percent in 2018 to encompass 82.5 The firm is projecting that Zelle will reach 27.4

Zelle 43

Zelle P2P Venmo Volume 43

PYMNTS

JULY 10, 2019

OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments. In addition to OPay’s $50 million round, Nigeria’s current digital payment leader Paga raised $10 million in 2018 and reaches 13 million customers. The popularity of mobile payments apps has grown significantly in recent years.

Mobile Payments 70

Mobile Payments Payments Venmo Non-Bank 70

PYMNTS

APRIL 17, 2019

Uber also introduced Venmo as a payment option in 2018, after noticing that six million payments in the popular app were marked “Uber” in the previous year. Uber noted Venmo was a popular service for friends who wanted to split the cost of a meal or a ride. Uber also accepts credit and debit cards, as well as PayPal.

Venmo 51

Venmo PayPal Debit Card Encryption 51

PYMNTS

JUNE 24, 2019

The last time bitcoin got close was about a year ago in May 2018 — but it never managed to quite close the gap. But while team crypto was celebrating this week, team Venmo was dealing with a new headache. Venmo the Victim of a Public Service Scraping. PayPal did not return a request for comment on this latest report.

Venmo 40

Venmo Bitcoin Privacy Request for Comment 40

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal 40

PayPal Zelle Online and Mobile Banking P2P 40

PYMNTS

AUGUST 10, 2020

trillion in 2018, marking a $10.25 Direct deposit is the most popular among consumers at 47 percent, with PayPal, Venmo and Zelle — all of which take little to no effort from customers to receive payments — collectively accounting for 27 percent. The Federal Reserve recently estimated that there were 174.2

Direct Deposit 89

Direct Deposit Venmo Non-Bank Payments 89

PYMNTS

AUGUST 16, 2018

However, the move is seen as a way to take on Venmo, which is owned by PayPal and already offers the capability. With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. more than Venmo’s 22.9 The firm is projecting that Zelle will reach 27.4

Zelle 50

Zelle Small Business Business Payments P2P 50

PYMNTS

MARCH 18, 2019

Growing strong this week, we have Google making it easier to save money, Sephora making it easier (and more rewarding) to spend it and PayPal making it easier to move it around. PayPal’s Big Instant Bank Transfer Play. PayPal will be the first firm to implement this feature. Google Flights Takes Off. Australia, Italy and Spain.

PayPal 43

PayPal Credit Cards Debit Card Faster Payments 43

PYMNTS

JUNE 1, 2020

The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins. We think we already have that in services like Venmo and PayPal, but in reality that relies on physical banks’ IOUs,” she said. “In In 10 years, the actual bits and bytes are going to be bearer instruments.”.

Cryptocurrency 68

Cryptocurrency Blockchain Venmo Digital Currency 68

PYMNTS

NOVEMBER 4, 2019

Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion. Venmo was up 64 percent year on year, said management. PayPal CEO Daniel Schulman said Venmo could see as much as $400 million in annualized revenue. Other Signs of Popularity.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

DECEMBER 24, 2018

Moreover, Adobe projects that voice-assisted retail will prove to be a big hit during the 2018 holiday shopping season — and that consumers already devoted to the technology will buy even more gear for themselves and others. #3: 8: Via PayPal. The 2018 holiday shopping season has been more than kind so far to PayPal.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

CFPB 75

CFPB Rules PayPal Debit Card 75

PYMNTS

JULY 23, 2019

billion in 2018 and is expected to reach $7.6 Google recently expanded its longstanding partnership with payment provider PayPal , allowing customers to access PayPal through additional Google Apps. According to TickPick’s Goldberg, PayPal and Apple Pay each account for approximately 10 percent of the platform’s payments.

Economy 53

Economy PayPal Void Payment Gateways 53

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. That scale would make Amazon Go a $4.5B

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

MARCH 18, 2019

Then came PayPal’s debut of Instant Transfer to Bank. This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. the other being the Fed. In the U.S.,

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 1, 2018

But for all that was familiar, there was one very big, very different and very surprising change that overshadowed PayPal’s strong performance. PayPal and eBay are breaking-up — for real, this time. PayPal CEO Dan Schulman told investors on PayPal’s quarterly earnings call that the move was not only “manageable,” but long-expected.

PayPal 40

PayPal Volume Agreements Venmo 40

PYMNTS

JUNE 6, 2019

The 2018 Boston Pride parade reportedly saw more than 750,000 spectators and over 55,000 marchers. Roberge also accepts PayPal payments and recently adopted Venmo based on customers’ feedback. An average event might bring in $900 in sales per day, but Pride can earn her up to $1,800. Her needs are relatively simple.

Credit Cards 54

Credit Cards CHIPS PayPal Venmo 54

PYMNTS

JULY 23, 2018

It looks like Zelle is living up to its namesake animal, the gazelle, and is running quickly to catch up to P2P segment leader Venmo. BoA went on to note that Zelle reported $75 billion of volume, growing at 36 percent versus Venmo’s $34.6 more than Venmo’s 22.9 Well, hmmm … check back in on who really lost here after all….

Zelle 40

Zelle Venmo P2P Online and Mobile Banking 40

PYMNTS

AUGUST 10, 2018

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax online privacy. Venmo , the PayPal-owned P2P payment app engaged in increasing competition with Zelle , is facing privacy troubles of its own. Privacy Paradox.

Privacy 40

Privacy Venmo Laws PayPal 40

PYMNTS

APRIL 12, 2019

Consumers use Venmo and Zelle to quickly settle shared expenses between friends, and they know the money will arrive in their bank accounts within a few minutes — or even seconds. In the June 2018 Disbursement Satisfaction Index , PYMNTS asked 2,300 consumers to rank their satisfaction with their disbursement solutions on a 100-point scale.

Zelle 43

Zelle P2P Venmo Direct Deposit 43

PYMNTS

NOVEMBER 20, 2017

PayPal – the holder of the No. And those rollouts also include partnerships with payments industry players, like PayPal. In July, the two firms announced a 2018 partnership that will make it easier for Chase customers to add cards from Chase Pay to PayPal’s app. 1 spot – had a 61 percent use rate.

Bitcoin 43

Bitcoin PayPal NOV Venmo 43

Clearly Payments

MARCH 18, 2024

billion in 2018. A study by PayPal found that 77% of Gen Z and Millennials use credit cards for budgeting and rewards, but they’re also careful about not accumulating too much debt. Overall, 84% of adults in North America had a credit card in 2023. The number of credit card holders globally has steadily grown to reach 1.25

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

APRIL 26, 2019

Elsewhere, PayPal released Venmo user data for the first time – at 40 million active monthly users – and has said user growth is accelerating. The company says it is now available to about 70 percent of households in the country, which is a leap from the 26 percent seen as recently as the middle of 2018.

Cross-Border 49

Cross-Border B2B Payments Bitcoin 49