PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. Venmo Trends. Venmo, of course, is not the only major P2P player in the game. Zelle Trends.

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

JANUARY 31, 2019

billion for the quarter, up 28 percent, and that total payment volume (TPV) was up 26 percent year on year to $164 billion. Schulman noted that the goal for the end of 2019 is to have 300 million active accounts. For the year, nearly $62 billion changed hands on the Venmo platform. He then moved on to other metrics.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

NOVEMBER 4, 2019

For starters, Zelle ’s Q3 results show that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent. In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

AUGUST 5, 2020

Its Cash App , which competes head-to-head with PayPal’s Venmo , was the key factor that drove Square’s profitability in Q2. The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. And Square’s gross payments volume in Q2 dipped 15 percent year over year. Wednesday (Aug. 5), up from $136.83

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87

PYMNTS

JANUARY 30, 2020

Visa ’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. The company said that payments volume was up 8 percent year over year to $2.3 The company said that payments volume was up 8 percent year over year to $2.3 and beyond. Tap To Pay.

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91

PYMNTS

JANUARY 14, 2020

And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services. For starters, Zelle ’s Q3 results showed that its year-over-year payment values increased by 58 percent, while transaction volumes rose by 73 percent.

Digital Payments 64

Digital Payments Innovation P2P Credit Cards 64

PYMNTS

SEPTEMBER 12, 2019

A new PYMNTS interview with McCrory about P2P payments — where they are in 2019 and where they are headed in the 2020s — comes amid a bright, shining time for the payment method. That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. Zelle P2P payments are increasing.

P2P 61

P2P Zelle Payments Real Time Payments 61

PYMNTS

DECEMBER 7, 2018

It was only three years ago that Braintree achieved $50 billion in payments volume — underscoring the company’s rapid growth, he observed. As well, Braintree has provided Venmo-enabled payments to the likes of Uber , Grubhub and New Era. And there are insurance companies in the mix as well, including Avant and MSIG.

PayPal 54

PayPal Mobile Payments Venmo Transactions 54

PYMNTS

JANUARY 22, 2021

He believes some of that will be in used mobile wallets like Apple Pay or Venmo. Because, as Webster and Fiorentino jokingly agreed, standing in line at the point of sale is very 2019. payment volume was happening via check. And I think we'll see many more interesting paradigm shifts in this area,” Fiorentino said.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

PYMNTS

JANUARY 23, 2020

Payments made with cash and checks are dropping in volume — the use of cash alone declined 40 percent over the past five years in Canada. More than 42 percent of consumers received at least one instant payment in 2019, but such disbursements have a way to go before they are as common as many would like.

Instant Payments 56

Instant Payments Real Time Payments Online and Mobile Banking Payments 56

PYMNTS

DECEMBER 24, 2019

For the annual holiday exercise at PYMNTS (describing the 12 main or most exciting ways to pay in 2019), it is clear that what has happened this year will have big implications for the new decade. Here are the 2019 payment trends that made the biggest splash, and promise to make even bigger splashes in the new decade. #1: Take the U.S.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

JULY 6, 2020

consumers’ use of its contactless cards and digital wallets rose 150 percent between March 2019 and March 2020. . One Boston-based hair salon implemented policies limiting customers to digital tips via Venmo and paying for on-site visits via card details stored on file, for example. One credit card network reported that U.S.

Transactions 52

Transactions Card Issuer Push-to-Card Contactless Payments 52

PYMNTS

SEPTEMBER 3, 2019

In 2013, PayPal acquired payments gateway company Braintree for $800 million — and picks up P2P payments company Venmo on the deal. Q2 2019 earnings were upbeat, but growth was 2 percent while gross merchandise volume (GMV) was down, as are estimates of Q3 sales.

PayPal 81

PayPal Venmo Payment Gateways Gateways 81

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. as of January 2019. months into 2019.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 23, 2019

The solution has already been deployed by other partners in the ecosystem, including PayPal, Venmo, Square, Ingo Money and NovoPayment. For the 2019 fiscal year, there have been approximately 2 billion transactions facilitated via Visa Direct. Emerging And Unexpected Use Cases.

Use Case 41

Use Case Cross-Border Cross-Border Payments Push-to-Card 41

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. 7: With Biometrics. 23) and Cyber Monday (Nov. And that’s not all.

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83

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). The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay.

Online and Mobile Banking 101

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

PYMNTS

OCTOBER 26, 2018

The pilot will run through the end of the year, with the data being reviewed in the early part of 2019. PayPal and Venmo are gaining traction, as Zelle saw 15 percent growth quarter over quarter to 116 million transactions in Q3, worth $32 billion. Venmo’s volume was up 78 percent year on year, and was $17 billion in the period.

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C Online and Mobile Banking P2P 53

PYMNTS

MAY 7, 2020

Almost a week ago, May 1, PayPal experienced the largest single day of transactions in the company’s history — bigger than both Black Friday and Cyber Monday of 2019. billion and its total payments volume (TPV) increase by roughly $68 billion, a roughly 22 percent year-on-year increase. PayPal added 7.4 million net new active accounts.

PayPal 99

PayPal Transactions Process Venmo 99

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Setting up Safeguards. Wash your hands.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

FICO

AUGUST 26, 2021

The second most popular app, Venmo, was used by 14% of consumers in 2020. As it happens, there’s a lot more happening in the real-time payments arena than just PayPal, Venmo and Zelle. in addressable payment volume. Still, the US market lags in real-time payments size and adoption. P2P real-time transactions.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve FedNow 52

CB Insights

SEPTEMBER 10, 2019

It had over 2M users as of July 2019. In June 2019, the company announced that it had raised $110M to introduce complete banking services to its customers. As of March 2019, Betterment is the largest independent online financial advisor in the United States, with $16B under management from 400,000 accounts.

Finance 77

Finance Online and Mobile Banking Micro-Entry Advisors 77

FICO

JULY 28, 2021

increase in volume and a 10.8% increase in dollar value over 2019. Additionally, ACH internet transactions rose 15% from 2019 to 2020. There are person-to-person payments via Venmo, Zelle, and a host of other services; payments via ApplePay, SamsungPay and more; as well as an increasing number of ACH transactions.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

JULY 13, 2020

Now, with iZettle a part of PayPal following a 2019 acquisition , de Geer is also taking the reins to guide PayPal’s own innovation acceleration as it similarly rolls out value-added tools for SMBs. The Bigger PayPal Picture. “This is not the apocalypse; it’s the big digital shift,” he said. ”

Innovation 73

Innovation PayPal Point-of-Sale (POS) Alternative Payment Methods 73

PYMNTS

DECEMBER 28, 2018

Declines solutions are largely operating at the edges of volume and attention and still could take years to bear fruit. Meanwhile, back in the Valley, PayPal and Braintree made it possible to access all of their payment services, plus their cool sister company Venmo ’s payment services, in one checkout button.

Alternative Payment Methods 46

Alternative Payment Methods Reconciliation PayPal Blockchain 46

PYMNTS

MAY 5, 2016

In addition to these NFC-enabled platforms, there is also the lot of P2P payments options — PayPal, Venmo and Square Cash among them — that allow for money to be sent to individuals, as well as retailers and other merchants. However, it’s the NFC players who have stolen the show. All three approaches have their benefits and their drawbacks.

Mobile Payments 45

Mobile Payments Payments Venmo Consumer 45

PYMNTS

DECEMBER 22, 2020

Amazon Chief Financial Officer Brian Olsavsky said that third-party sellers — most of which are SMBs — grew to 54 percent of the company’s unit volume during the third quarter during the company's latest earnings call. Amazon added that third-party sales on the company’s Oct.

Economy 106

Economy PayPal Volume Consumer 106