PYMNTS

JULY 29, 2020

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. 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

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Venmo PayPal Direct Deposit Adjustments 84

Payments Source

OCTOBER 15, 2019

American Express is adding a new dimension to its year-old partnership with PayPal by giving credit card customers more options for splitting a restaurant check and paying with loyalty points.

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PayPal Venmo Credit Cards Checks 109

PYMNTS

DECEMBER 22, 2020

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature. This can be done from a mobile phone, without the user leaving their home to go to a bank or ATM.

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Checks PayPal Direct Deposit Venmo 113

PYMNTS

FEBRUARY 20, 2019

And might digital payments be in that $100 trillion classification? In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable market — we’re playing into.” There are markets and there are $100 trillion markets.

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PayPal Digital Payments Venmo Zelle 87

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

Fintech Finance

JANUARY 26, 2024

PayPal Holdings, Inc. PayPal is on a mission to revolutionize commerce, globally, and today we are starting the next chapter,” said Alex Chriss, President and CEO, PayPal. Business owners want to focus on the next sale and consumers are looking to remove any annoying interruptions like password prompts or lagging response times.

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Venmo PayPal Innovation AI 59

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. PayPal, as a whole, had some 242 customer accounts as of Dec. P2P Numbers.

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Venmo P2P Zelle PayPal 71

PYMNTS

SEPTEMBER 17, 2020

Between Square , Visa , PayPal and Mastercard , the valuation is currently sitting at $1.07 The ETFMG Prime Mobile Payments ETF, tracking mobile payments stocks, has seen a 10 percent jump this year. PayPal's Venmo also allows users access wages early. trillion, against the “big six” banks — J.P.

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PayPal Visa Direct Deposit Shutdown 94

PYMNTS

MAY 7, 2020

But many firms and all firms are two different things, and while from a humanitarian perspective PayPal clearly wishes COVID-19 never happened, by the numbers it is undeniable that it has boosted its business. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. PayPal added 7.4 66 non-GAAP EPS.

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PayPal Transactions Process Venmo 99

Payments Source

OCTOBER 17, 2017

PayPal's latest move to promote Venmo for retail payments may be the company's clearest admission of the limitations of the PayPal brand.

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Venmo PayPal Retail Payments Payments 60

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

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.

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Venmo PayPal Direct Deposit P2P 104

Stax

NOVEMBER 6, 2023

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

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Mobile Payments Online and Mobile Banking Debit Card Payments 88

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.

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Mobile Payments Payments Venmo Non-Bank 70

FICO

SEPTEMBER 22, 2016

I’ll spend some time in a future post talking about using those phones for different types of financial-related communications, but today I wanted to focus on mobile payments. If millennials love and have phones, and trust them to conduct banking transactions, how do they feel about using them for mobile payments?

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Mobile Payments Venmo Online and Mobile Banking Payments 64

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

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

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

PYMNTS

MAY 17, 2018

Square may be closing in on PayPal a bit, with the company’s monthly downloads of the Square Cash app increasing at a faster rate. 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.

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Venmo PayPal Debit Card Bitcoin 54

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 64

Mobile Payments Zelle Online and Mobile Banking ATM 64

Payments Source

OCTOBER 30, 2017

The bank-powered P-to-P app Zelle officially launched in June with a mostly consistent brand across all of its bank partners, but it still struggles with awareness over PayPal's Venmo, which doesn't share its advantage of living inside banks' mobile apps.

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Zelle Venmo PayPal Mobile Payments 60

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

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

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

SEPTEMBER 20, 2018

Amid an embrace of mobile payments and a push toward consumer choice, sometimes payments infrastructure must change. This week, the Monetary Authority of Singapore said it has launched SGQR (short for the Singapore Quick Response Code ), billed as a single label that combines several QR payment codes.

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SWIFT Mobile Payments PayPal Payments 63

Payments Source

APRIL 27, 2021

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Venmo PayPal Mobile Payments Payments 85

Payments Source

MARCH 25, 2019

As PayPal seeks to turn Venmo into a profit engine, the service has also taken steps to collect consumer debts, moves that are sure to spark controversy as some of the targeted users claim they have been fraud victims.

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Venmo PayPal Consumer Mobile Payments 80

PYMNTS

SEPTEMBER 24, 2019

Airlines are also seeking to enable speedy mobile payments. Southwest Airlines recently signed an agreement with two payment companies to enable it to accept Apple Pay. Southwest customers can use the mobile wallet to buy ticke ts and pay for other services. Meeting Older Generations’ Rising Demands for Mobile P2P.

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P2P Faster Payments Push-to-Card Point-of-Sale (POS) 98

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

PYMNTS

JUNE 20, 2019

Big news from PayPal — the payments firm on Thursday afternoon (June 20) that COO Bill Ready is leaving the company. According to a statement from PayPal , “Ready will transition at the end of 2019 to pursue entrepreneurial interests outside the company.” Prior to that, the payments veteran was president of iPay Technologies.

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PayPal Venmo Mobile Payments Economy 51

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. Why Is Your Venmo Transaction Being Declined?

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Venmo Payments Payer Card Issuer 52

PYMNTS

OCTOBER 20, 2017

“PayPal delivered one of its strongest quarters since becoming an independent company,” said Dan Schulman, CEO of PayPal, in a statement. PayPal, largely pushed by strong mobile performance, managed to again exceed analyst expectations across the board, and raised Q4 guidance. All in all, PayPal processed 1.9

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PayPal Venmo Caps Volume 47

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.

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Venmo Credit Cards PayPal Visa 40

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

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PayPal Volume Venmo P2P 47

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

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Venmo Payments PayPal Interoperability 113

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