PYMNTS

OCTOBER 6, 2020

Credit card launches happen a lot, and tend to blend together after a while, particularly for payments peeps who keep a close eye on such things. But Venmo – which dropped its first credit card for consumers on Monday (Oct. Instead, Venmo’s entire DNA is digital. Splittable Card Payments . Designing In Choice.

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Venmo Credit Cards Consumer Returns 125

Fintech Finance

JANUARY 26, 2024

“With nearly 400 million consumer accounts, and 35 million merchant accounts, PayPal handles transactions for about a quarter of the world’s e-commerce transactions each year, but more importantly, shoppers trust PayPal to power their payments.” The same type of privacy controls will be available on Venmo, as on PayPal.

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Venmo PayPal Innovation AI 59

The Paypers

MARCH 9, 2022

Payment service provider ACI Worldwide has announced that ACI Payments is now offering PayPal and Venmo payment options to federal taxpayers.

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Venmo PayPal Mobile Payments Payments 36

PYMNTS

AUGUST 8, 2017

Venmo recently launched a new QR code feature to more easily locate friends within its mobile payments app. According to a news report in TechCrunch , the new feature is aimed at easing the person-to-person (P2P) payments process, making it easier for users to add connections to the list of people they pay — or who pay them.

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Venmo P2P Mobile Payments Payments 46

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.

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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. OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments.

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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.

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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. “Our

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Venmo PayPal BNPL Volume 105

Payments Source

JULY 18, 2019

Ever since PayPal took control of Venmo as part of its 2013 purchase of Braintree, it has woven Venmo into more and more of its products. Even other acquisitions aren't immune to the spread of Venmo.

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Venmo PayPal Product Mobile Payments 87

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

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Venmo P2P Zelle PayPal 71

Stax

JULY 9, 2024

Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system.

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Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Payments Source

SEPTEMBER 12, 2018

New payment apps, like Venmo, and widely adopted mobile wallets, such as Apple Pay and Alipay, have made the consumer payment experience incredibly convenient, writes Ralph Dangelmaier, CEO of BlueSnap. It all comes down to convenience.

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Venmo Consumer Payments ISOs 104

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.

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Debit Card Venmo PayPal Accounts 61

Payments Source

JULY 16, 2018

On the surface, the Uber-Venmo partnership sounds like a coup for Venmo, getting its brand into the app that defined the ride-sharing category. But the partnership is a much bigger deal for Uber.

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Venmo Mobile Payments Payments 61

PYMNTS

APRIL 24, 2019

Payments app Venmo reached 40 million users at the end of Q1. This is the first time parent company PayPal has revealed any user numbers for the app, with its Q1 earnings report showing that the total payments volume for Venmo grew 73 percent year over year to reach $21 billion. 78 per share, compared with the $.68

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Venmo Volume PayPal Debit Card 53

Payments Dive

NOVEMBER 24, 2020

Mobile Payments Today interviewed Holler's CMO, Sarah Aitken on a unique partnering with Stella Artois and Venmo to support the James Beard's Foundation for restaurants and businesses, #OpenForGood.

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Venmo Mobile Payments Payments 146

PYMNTS

SEPTEMBER 12, 2017

Venmo is testing out a free debit card for select users that is linked to their accounts. They will receive a free Venmo debit card that is attached to their Venmo account. Users can pay with the card in stores, online or as a mobile payment, and the money will be debited from their Venmo balance.

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Debit Card Venmo Online and Mobile Banking Participant 63

Payments Source

JUNE 15, 2018

As competition from the bank-powered Zelle mounts, the popular social P2P app Venmo is phasing out support for online payments in favor of its mobile app.

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Zelle Venmo P2P Payments 63

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.

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Zelle Venmo P2P PayPal 58

The Paypers

APRIL 21, 2021

PayPal-powered P2P mobile payments app Venmo launched supporting cryptocurrencies, allowing users to buy, sell, or hold Bitcoin (BTC) and other coins.

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Venmo P2P PayPal Bitcoin 31

PYMNTS

DECEMBER 16, 2019

In one example, PNC Bank clients stated that they were unable to connect accounts to Venmo , the payment service owned by PayPal. We’ve made some security enhancements which may be causing difficulty when attempting to link your PNC acct with Venmo. The tug of war represents the delicate data dance. Banks hold the data.

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Venmo Zelle Blocks End User 69

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.

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Mobile Payments Zelle Online and Mobile Banking ATM 64

The Paypers

JULY 22, 2021

US-based mobile payment service Venmo has announced removing its global feed, meaning users will no longer be able to see payments between people they don't know.

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Venmo Mobile Payments Payments 31

PYMNTS

APRIL 17, 2018

To offer customers more convenient payment options, Grubhub is adding Venmo to its platform. Customers purchasing food on Grubhub, Seamless or Eat24 mobile apps will be able to pay for their orders with their Venmo balances, linked bank accounts or debit cards. cities and London.

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Venmo Online and Mobile Banking Debit Card Payments 49

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.

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Venmo PayPal Debit Card Bitcoin 54

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.

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Zelle Venmo P2P PayPal 43

Payments Source

APRIL 11, 2016

For many banks, the increasing popularity of mobile payment platforms such as Venmo and Apple Pay, among millennials in particular, should be cause for concern.

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Venmo Mobile Payments Payments Acquirers 62

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?

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Zelle Venmo P2P Privacy 40

Payments Source

OCTOBER 26, 2018

Shopify is no stranger to social media — it’s had a partnership with Facebook for three years — and it sees Venmo users' social sharing habits as the perfect means to expand its mobile commerce platform.

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Venmo PayPal Mobile Payments Payments 68

Payments Source

OCTOBER 31, 2016

The race to dominate person-to-person transfers has been a curious one so far, because P-to-P typically isn’t a money-maker for banks or even for PayPal, whose Venmo unit is generating red-hot growth this year in the category.

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Venmo PayPal Mobile Payments Payments 113

Payments Source

JULY 12, 2018

The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.

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Venmo Payments Mobile Payments 64

PYMNTS

FEBRUARY 20, 2019

And might digital payments be in that $100 trillion classification? He also said that PayPal’s mobile payment service Venmo — still focused on its partnership model — and digital payment peers are unlikely to be negatively affected by weak holiday sales and a global macro-economic slowdown.

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PayPal Digital Payments Venmo Zelle 87

Payments Source

JUNE 25, 2018

Despite a reputation for being the go-to P2P app of digital natives, Venmo is once again pushing its market in the opposite direction with the debut of a plastic card.

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Venmo Push-to-Card P2P Mobile Payments 62

Payments Source

FEBRUARY 22, 2017

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

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Venmo Zelle Payments Faster Payments 60

The Paypers

JUNE 23, 2020

PayPal and its mobile payment service Venmo have announced plans to offer crypto buying and selling to users of PayPal and Venmo, according to CoinDesk.

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Venmo PayPal Mobile Payments Payments 28

Payments Source

OCTOBER 29, 2019

PayPal is adding rewards to its Venmo credit card in a way that seems to echo Apple's strategy with Apple Card.

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Venmo Credit Cards PayPal Mobile Payments 63

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.

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Mobile Payments Online and Mobile Banking Venmo PayPal 50