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

PYMNTS

OCTOBER 5, 2020

Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. The Venmo Credit Card lets Venmo's more than 60 million customers to shop, share or split purchases and earn cash back wherever Visa credit cards are accepted, the release stated. In July, PayPal reported a record second quarter.

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Venmo Credit Cards PayPal Online and Mobile Banking 90

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

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.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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 Push-to-Card 104

The Paypers

OCTOBER 6, 2020

Venmo , the mobile payment service owned by PayPal, has introduced its new credit card, issued by Synchrony and powered by the Visa network.

Venmo 28

Venmo Credit Cards PayPal Mobile Payments 28

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

The Paypers

MAY 9, 2016

(The Paypers) Venmo , the PayPal-owned peer-to-peer payments app, could leverage Venmo to become a competitive mobile payments provider.

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Venmo PayPal Mobile Payments Payments 28

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

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

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 could become a billion dollar business for PayPal.”.

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Venmo PayPal Mobile Payments P2P 52

PYMNTS

SEPTEMBER 12, 2016

PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. We take a look at the recent goings on in PayPal’s ecosystem. PayPal is intent on being accepted as a method of payment at store checkouts throughout Mastercard’s and Visa’s mobile contactless payments systems.

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PayPal Online and Mobile Banking Visa Venmo 64

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

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

JULY 27, 2017

Payments processing platform Braintree, a subsidiary of PayPal, announced Thursday (July 27) that it has reached the 10-digit milestone, processing more than 1 billion payment transactions per quarter. Braintree helps businesses accept, process and split payments, all on the trusted foundation of a PayPal service.

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PayPal Transactions Venmo Gateways 40

PYMNTS

MAY 16, 2018

PayPal is partnering with Alpha JWC , the Indonesian venture capital firm, to invest in FinTech companies operating out of Southeast Asia. Bloomberg , citing Jerry Tso, general manager for PayPal Singapore Development Center, reported that under the partnership, Alpha JWC will provide as high as $5 million to the PayPal Incubator.

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PayPal Boot Camp FinTech Venmo 41

PYMNTS

OCTOBER 24, 2019

Citi Australia and PayPal Credit Australia announced they have entered into a long-term strategic partnership to develop consumer credit products for PayPal’s customers in Australia. It has been a busy month for PayPal. And on Oct. And on Oct.

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PayPal Product Consumer Venmo 40