PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Goldman, for its part, may see impact from loan losses should the economy falter. the company said.

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Venmo Zelle P2P Underwriting 51

PYMNTS

MARCH 30, 2020

In today’s top news, Airbnb’s executives will forego six months of salary, while the company pauses $800 million in marketing plans, and Venmo and Cash App are vying to assist the U.S. Venmo, Square Cash Vie for Stimulus Funds Distribution. Venmo and Cash App want to be considered as ways for the U.S.

Venmo 52

Venmo Governance Government Economy 52

PYMNTS

JULY 2, 2020

In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced business payments for individuals. Venmo Pilots Business Payments For Micro SMBs. Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account.

Venmo 52

Venmo Business Payments Payments Credential 52

PYMNTS

JULY 23, 2019

The platform economy is being transformed by an increased demand for faster payments bolstered by mobile usage, according to the latest Payments and the Platform Economy Playbook. But it’s countries like China and India where the economy developed a mobile-first mindset that is driving real growth in digital payments.

Economy 53

Economy PayPal Void Payment Gateways 53

PYMNTS

NOVEMBER 13, 2020

Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted. The code can be scanned in the Venmo app by friends to send payments or split purchases.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

PYMNTS

APRIL 26, 2019

B2B, in some respects, is the stubborn mule of the digital economy, and represents a massive source of economic strength. PayPal Eyes Credit to Monetize Venmo. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Fun, Odd and Edgy.

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Bitcoin Venmo B2B PayPal 70

PYMNTS

OCTOBER 18, 2019

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. PayPal Launches Venmo Credit Card. Venmo started with P2P payments and rolled out a debit card last year. It also offers a “pay with Venmo” option with partners such as Uber.

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Venmo Credit Cards PayPal Visa 40

Clearly Payments

AUGUST 24, 2024

In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. P2P Money Transfers Peer-to-peer (P2P) money transfers have emerged as a key component of the digital economy, enabling individuals to send and receive funds instantly without the need for traditional banking intermediaries.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

OCTOBER 21, 2020

And in another nod to the convergence of getting paid faster at the point of transactions (which are, of course, becoming ever-more digital), Visa and PayPal have expanded ways for small to medium-sized businesses (SMBs) to get funds more quickly through PayPal, Venmo or Xoom. To that end, the banking giant J.P. and, by extension, the U.S.

Point-of-Sale (POS) 122

Point-of-Sale (POS) PayPal Push-to-Card Volume 122

PYMNTS

OCTOBER 6, 2020

Piper Jaffray’s 40th biannual “Taking Stock with Teens” report revealed that teen expenditure dropped to its lowest level in 20 years during the COVID-19 pandemic amid fear of a worsening economy. Global Economy Worst In 100 Years, Business Leaders Warn. Venmo's Esch On Designing A Cool Physical Card For Mobile App Users.

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Venmo B2B Laws Economy 55

Finovate

JUNE 3, 2024

PayPal USD was created with the intent to revolutionize commerce again by providing a fast, easy, and inexpensive payment method for the next evolution of the digital economy,” said PayPal Senior Vice President of the Blockchain, Cryptocurrency, and Digital Currency Group Jose Fernandez da Ponte.

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Stablecoins PayPal Consumer Blockchain 111

PYMNTS

MAY 7, 2020

Of that total, PayPal processed $56 billion in peer-to-peer volume and $31 billion in Venmo volume. We have already funded tens of thousands of loans, distributed well over $1 billion with an average loan size of $35,000, and PayPal and Venmo customers in the U.S. billion from $4.13 billion at this time last year. “As

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PayPal Transactions Process Venmo 99

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.

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P2P Zelle Venmo RTP 49

PYMNTS

SEPTEMBER 18, 2020

And in a world where I could use Venmo personally to send money to anyone, there was no easy way for an artist to pay out their co-creators,” Rabkin Lewis said. After all, the term “ gig ” economy comes from the music industry.

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Digital Payments Payments Venmo Underserved 125

PYMNTS

OCTOBER 9, 2020

Additional investors included Founder Collective, Walkabout Ventures, former Venmo COO Michael Vaughan and Seamless Founder Paul Appelbaum. “We New York City-based FinTech startup Clair has raised $4.5 million in seed funding to disrupt payday lending schemes and help gig workers and freelancers get paid instantly.

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Direct Deposit CFPB Venmo Faster Payments 101

PYMNTS

JULY 10, 2019

It’s expected that OPay will use the funds to further grow the business in Nigeria, home to Africa’s largest economy and the most populous country on the continent. OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments. The popularity of mobile payments apps has grown significantly in recent years.

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Mobile Payments Payments Venmo Non-Bank 70

PYMNTS

DECEMBER 30, 2020

“So it’s a two-fer,” Gouldman said – because bitcoin is a real asset that will serve as a hedge against inflation, but will also benefit from an improving economy. Yellen is going to be very, very good for the economy, and she’s going to be very, very good for anyone who owns bitcoin,” he predicted. Baby Steps .

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Fed Bitcoin Cryptocurrency Digital Currency 107

PYMNTS

JANUARY 8, 2020

In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking system similar to Venmo and Goldman Sachs created a new division in its reporting process to highlight its consumer focus. Citigroup Names New Retail Banking Leader.

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Venmo EMV Push-to-Card Electronic Banking 52

PYMNTS

AUGUST 12, 2020

Given the state of the economy and uncertainty over another stimulus plan, the timing could be just right. Cash App, which competes head-to-head with PayPal’s Venmo, was the key factor that drove Square’s profitability in Q2. Last week, Square reported $1.92 Square’s net loss for Q2 was $11 million on a GAAP basis.

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CashApp Venmo Debit Card Adjustments 70

PYMNTS

FEBRUARY 24, 2020

Freelancers contribute more than $1 trillion to the American economy alone, and their freedom represents a challenge for businesses that have not yet tailored their payment processes to the gig economy. Venmo, for example, does not require users to link to such accounts, and often forgoes fees for certain transactions.

Online and Mobile Banking 62

Online and Mobile Banking Payments ACH Economy 62

PYMNTS

JANUARY 7, 2020

Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose of including more people in the economy in an attempt to stimulate growth, according to Vice.

Venmo 52

Venmo Electronic Banking Central Bank Laws 52

PYMNTS

JULY 31, 2020

Venmo’s New Boss On Scaling And Monetizing The Venmo Community. As Venmo considers what’s next in developing the business, its new general manager, Darrell Esch , said the platform represents social community as much as “app-powered money.” . Visa, Mastercard Fined Wirecard Millions.

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Debit Card Credit Cards Technology Credit Union 56

PYMNTS

FEBRUARY 4, 2020

Every day offers something new in a connected economy powered by increasingly agile apps. What, no Venmo? Eyes on the App Economy. Mobile banking. Digital wallets. Mobile order-ahead. Aggregators. Mighty PayPal takes the No. WeChat Pay. They made the ranking. Check out their score , and many others. Frankly, No.

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PayPal Venmo Economy Checks 53

PYMNTS

JANUARY 21, 2019

Another instance would be those who resisted peer-to-peer (P2P), until Venmo didn’t give them any other choice. This has already happened in the gig economy, [as its] workers are fickle by definition and don’t get overly embedded with one employer.

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Instant Payments Debit Card Payments ATM 74

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. Services like Venmo and Zelle process billions of dollars in payments each year. Paying gig workers faster.

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Zelle P2P Venmo Direct Deposit 43

PYMNTS

DECEMBER 11, 2019

I’ve long admired how Google has enabled access to the digital economy for everyone. He also helped develop Pay with Venmo, and he helped redesign the mobile app for the company. I couldn’t be more excited for the future of commerce at Google,” Raghavan said. . Ready said he’s ready to step into the new role. billion out of $40.5

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PayPal Venmo Economy Product 52

PYMNTS

OCTOBER 8, 2018

According to the latest Gig Economy Index , more than one-third of the U.S. Some gig workers may not understand how peer-to-peer (P2P) payment services like Zelle and Venmo work, particularly those who don’t have an account at a large bank, or have a bank account at all. However, the same can’t be said of PayPal.

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Direct Deposit PayPal Wire Transfer Zelle 67

PYMNTS

JULY 25, 2019

Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. For one, enabling mobile payments may ensure that consumers around the world can encounter a company’s brand on their terms, since smartphone usage has grown rapidly in emerging as well as advanced economies.

Online and Mobile Banking 75

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

The Fintech Times

MAY 7, 2024

The existence of Zelle , Venmo , Cash App , PayPal and other wallet services has dampened US Banks’ appetite for implementing instant payments, with 50 per cent feeling a lot or significant impact. It is simple: to maintain the position of the world’s largest, most dynamic economy, the US cannot afford to be a laggard in payments.

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

PYMNTS

JUNE 20, 2019

Ready joined PayPal six years ago after it bought Braintree, where he was CEO (along with Venmo). In one lengthy interview with Karen Webster, he talked about changes in consumer buying habits, and what that meant for their retail and payment expectations as the digital economy keeps growing.

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PayPal Venmo Mobile Payments Economy 51

PYMNTS

NOVEMBER 16, 2020

billion, and the economy is facing greater challenges as COVID-19 cases continue to rise. In today’s top news, PNC will acquire BBVA’s U.S. unit for $11.6 Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. PNC Advances $11.6B BBVA Record Purchase Deal. The second-biggest banking deal in the U.S.

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NOV Visa Push-to-Card FTC 57

PYMNTS

AUGUST 3, 2020

Buying From Developing Economies. Digital tools such as a B2B version of a peer-to-peer (P2P) payment app like Venmo could streamline processes and provide them with better oversight, Askinosie suggested. Providing convenient payments to rural suppliers in developing economies as well as U.S.-based

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Checks Online and Mobile Banking B2B P2P 81

PYMNTS

JUNE 26, 2018

The gig economy alone, he noted, is a bright spot. According to the latest PYMNTS/Hyperwallet Gig Economy Index , roughly 37 percent of workers said they receive 40 percent of their income from gig economy jobs, accounting for $1.4 trillion of total U.S. personal income in 2018.

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Tax Refunds Economy Visa Use Case 52

PYMNTS

OCTOBER 2, 2019

The introduction of something market-wide into the world’s largest economy, one that has more than 10,000 banks, is no small undertaking,” Kohli said. especially, bill payments are proving to be valued by consumers and B2C transactions, as the gig economy and insurance disbursements are a strong use case for Citi’s clients. In the U.S.,

Instant Payments 63

Instant Payments Interoperability Cash Management Cross-Border 63

PYMNTS

MAY 20, 2020

Approximately 30 states are angling to partially reopen their economies, however, and many independent restaurant businesses and quick-service restaurant (QSR) chains are eager to open their storefronts. Fallout from the COVID-19 pandemic is expected to cause roughly $225 billion in lost sales by the end of May.

Contactless Payments 76

Contactless Payments Point-of-Sale (POS) Payments EMV 76

PYMNTS

OCTOBER 23, 2020

There's a digital debit card offered which lets users begin banking immediately without waiting for a card in the mail, the release says, and the app is functional with Google Pay , Cash App and Venmo.

Venmo 68

Venmo Debit Card Volume Participant 68

PYMNTS

APRIL 23, 2019

As Webster noted, PayPal has considered launching credit cards in an effort to more fully monetize Venmo. Firms such as Ondot , he said, can give mid-tier financial institutions “economies of experience” through pre-packaged solutions that allow them to design and offer cards.

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Issuers Credit Cards Payments Card Issuer 80