PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. However, an estimate from late last year projected that Venmo would have 22.9

Venmo 71

Venmo P2P Zelle PayPal 71

PYMNTS

JULY 29, 2020

And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In In the midst of the COVID-19 pandemic, digital payments have become more important and essential than ever,” CEO and President Dan Schulman said in announcing the results.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

JULY 10, 2019

African payments startup OPay has raised $50 million in funding after investors such as Sequoia China, IDG Capital and Source Code Capital joined in the latest round, according to a report. 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.

Mobile Payments 70

Mobile Payments Payments Venmo Non-Bank 70

Payments Source

JANUARY 31, 2019

Venmo is not a moneymaker for PayPal yet, but that's not stopping the online and mobile payments giant from dreaming big about where its P2P service is headed.

Venmo 62

Venmo PayPal P2P Mobile Payments 62

PYMNTS

NOVEMBER 2, 2020

Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.

Venmo 105

Venmo PayPal BNPL Volume 105

PYMNTS

FEBRUARY 24, 2020

Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. The new service may give adults a new reason to sign up for Venmo and could get them more savings in Venmo debit accounts. It would also allow parents to set spending limits in a new way.

Debit Card 61

Debit Card Venmo PayPal Accounts 61

PYMNTS

MAY 17, 2018

Barron’s , citing a research report issued this week by Nomura Instinet, reported that monthly downloads of Square Cash are happening at a faster clip than PayPal’s Venmo mobile payment service. Since the beginning of 2016, Square Cash downloads are reportedly up 128 percent, compared to 74 percent for Venmo.

Venmo 54

Venmo PayPal Debit Card Bitcoin 54

PYMNTS

SEPTEMBER 3, 2020

For financial institutions (FIs) and enterprises that seek to pivot to meet the growing demand for digital payments, observing and reacting to shifts in how different generations prefer to pay will be critical during the pandemic and beyond, according to Royal Cole , executive vice president, FI payment solutions at FIS.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

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.

Zelle 58

Zelle Venmo P2P PayPal 58

Payments Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

P2P 119

P2P Venmo FinTech Digital Payments 119

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.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

JULY 11, 2016

Big companies like PayPal have been dominating the digital payments world for many years. And for years, banks have caught flack for not offering digital and mobile payments options that are up to snuff with what the tech giants have brought to market. And it isn’t as universally available as PayPal or Venmo.

Mobile Payments 50

Mobile Payments Online and Mobile Banking Venmo PayPal 50

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

Payments Source

AUGUST 14, 2019

It’s only one of many cash-payment scenarios that don't translate well into digital payments, where P2P apps typically emphasize social connections over anonymity. Tipping the valet can be tough without cash in hand.

Venmo 76

Venmo P2P Digital Payments Payments 76

PYMNTS

JULY 28, 2020

That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. But as usage patterns shifted dramatically, something was equally visible on the Venmo platform.

Venmo 104

Venmo PayPal Direct Deposit Push-to-Card 104

PYMNTS

MAY 31, 2019

The Rapid Rise of Digital Payment Domination. To say that digital payment methods rule in Sweden today isn’t an overstatement. Those digital transactions, according to the study, fall into two major areas: card-based payments and mobile payments.

Digital Payments 71

Digital Payments Payments Debit Card ATM 71

PYMNTS

JUNE 13, 2019

While year-over-year growth for Venmo still beats the Cash App at 35 percent versus 19 percent, the growth in new mobile payments app downloads of Venmo has slowed down, compared to increases of 54 percent in April, 47 percent in March and 44 percent in February.

Venmo 52

Venmo PayPal Mobile Payments P2P 52

PYMNTS

NOVEMBER 27, 2020

Consumers and businesses alike have long been familiar with digital payments, but both now expect smoother payment experiences as the COVID-19 pandemic’s financial impacts continue. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

NOVEMBER 12, 2020

PYMNTS’ November 2020 Disbursements Tracker® , done in collaboration with Ingo Money , states that “FIs that support digital and mobile payment tools could help these consumers access financial solutions without using traditional accounts, but many FIs must address age-old challenges before they can roll out such tools.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

SEPTEMBER 24, 2019

The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space. Around the Faster Payments World. The Nigerian branch of pan-African banking group Ecobank has been working to serve SMBs with a faster payment system.

P2P 98

P2P Faster Payments Push-to-Card Real Time Payments 98

EBizCharge

MARCH 12, 2024

This payment method can improve cash flow by reducing the risk of late or missed payments. Mobile payments: Mobile payments give customers the flexibility of purchasing on the go with their smartphones or tablets. Users can link their preferred payment method (i.e.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

PYMNTS

JANUARY 31, 2019

Venmo got a strong shout out as well, with the volume of Venmo transactions hitting $19 billion, growing by 80 percent in Q4. That put PayPal, as a whole, ahead of bank-backed Zelle (which reported payment volume of $35 billion for the December period earlier this week), though that left Venmo notably trailing.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

SEPTEMBER 3, 2020

Mobile payments have long been billed as the next big thing. Starting with the release of Apple Pay in 2014, there was a veritable rush of proprietary mobile wallets sent to market, a host of “. Someone asked me a couple of weeks ago, ‘why is Blackhawk in the payments game now?’” Pays” for consumers to choose from.

Venmo 115

Venmo Mobile Payments Consumer Debit Card 115

PYMNTS

FEBRUARY 12, 2019

Nine in 10 of the top performers — or 90 percent — offered mobile optimization in Q4 2018. And some subscription offerings are turning to mobile payments. In December, it was reported that Hulu and Venmo teamed up to provide the latter company’s digital payment services to the Hulu streaming platform.

Venmo 66

Venmo Payments Payment Gateways Gateways 66

PYMNTS

JANUARY 7, 2021

“The QR code is certainly part of the mobile payment effort, but I would say U.S. merchants were quite distracted over the last couple of years, because the industry gave them other solutions in terms of [contactless] mobile payments at the point of sale,” Huang said. “I

Venmo 113

Venmo Payments PayPal Interoperability 113

FICO

SEPTEMBER 14, 2021

As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register. At other places the Venmo user scans the store’s QR code. Venmo is a PayPal company. What does that mean for fraud professionals?

P2P 52

P2P Venmo Online and Mobile Banking PayPal 52

PYMNTS

AUGUST 16, 2018

Zelle , the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. However, the move is seen as a way to take on Venmo, which is owned by PayPal and already offers the capability. more than Venmo’s 22.9

Zelle 50

Zelle Small Business Business Payments P2P 50

PYMNTS

OCTOBER 20, 2017

As the world rapidly accelerates to digital payments, we have a tremendous opportunity in front of us.”. The company saw 54 percent growth in mobile payments, totaling $40 billion. Venmo accounted for $9 billion in mobile payments volume in Q3, nearly doubling volume from this time last year.

PayPal 47

PayPal Venmo Caps Volume 47

PYMNTS

JULY 25, 2019

market as an example of the co-existence and collision of cash and digital payments. she said, are finding that they need to expand the scope of their payments offerings. Consumers may still champion cash as their preferred method of payment, but its use declined 3 percent as measured between 2015 and 2018.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

Payment Savvy

JULY 12, 2024

Pros: Widely recognized and trusted by customers Easy to set up and use Offers additional features like invoicing and recurring payments Cons: Fees for business transactions Funds can be held for various reasons Venmo Venmo, a subsidiary of PayPal, is popular for peer-to-peer payments. Integrates with Google services.

Debit Card 52

Debit Card Online and Mobile Banking Payments Zelle 52

PYMNTS

MAY 4, 2017

Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. While Venmo has become a popular service for friends and family members to quickly exchange money, it soon will be getting more competition from more established financial players. million P2P transactions totaling $1.2

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

Payment Savvy

JUNE 12, 2023

Venmo, the hugely popular payment app used by millions of people around the world, has earned a reputation for convenience, ease of use, and speed, in the competitive space of digital payments. There are several reasons why a ‘Venmo payment declined’ issue might exist.

Venmo 52

Venmo Payments Payer Card Issuer 52

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. That’s not all.

P2P 40

P2P Zelle Venmo Consumer 40

PYMNTS

AUGUST 5, 2020

4) night after the San Francisco-based financial services company posted better-than-expected quarterly results for its mobile payment app. Its Cash App , which competes head-to-head with PayPal’s Venmo , was the key factor that drove Square’s profitability in Q2. Square saw its shares skyrocket Tuesday (Aug. Wednesday (Aug.

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87

Fi911

OCTOBER 24, 2023

Alipay , an advanced mobile payment platform linked to China’s retail titan Alibaba, has witnessed substantial growth in its domestic market. Its rise to prominence in the financial sphere can be attributed to its comparable features to renowned payment systems like PayPal or Venmo prevalent in the US.

Online and Mobile Banking 52

Online and Mobile Banking Data Encryption Encryption Facilitators 52

PYMNTS

FEBRUARY 14, 2019

And, whether a service offers streaming or on-demand delivery, it needs to make purchasing and payments as seamless as possible for the consumer. From 7-Eleven to H&M , retailers are adopting digital payments and artificial intelligence (AI) technology to bring more convenient experiences to their customers.

Consumer 51

Consumer Cross-Border Payments Venmo 51

PYMNTS

APRIL 13, 2020

Mobile has quickly become the backbone of consumers’ financial lives as well, with a recent survey finding that 79 percent of U.S. consumers now use mobile payment apps. Millennials are among the top financial app users: 94 percent of surveyed millennials use P2P apps like Venmo and Zelle.

Innovation 93

Innovation B2C B2B P2P 93