PYMNTS

NOVEMBER 16, 2020

American Express is teaming up with PayPal and Venmo to offer a new way for their customers to send money, split purchases and manage their expenses. Cardholders will be able to send money to any PayPal or Venmo customer directly from the American Express App. We have a large roadmap around this for Venmo as well.”.

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Venmo PayPal Enrollments BNPL 103

Payments Source

NOVEMBER 26, 2018

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

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Venmo P2P PayPal Enrollments 62

Payment Savvy

JUNE 7, 2023

When looking for a new payment method for business, Venmo may not be the first option to spring to mind. Venmo can also be used by companies to provide their customers with yet another convenient payment option. Venmo can also be used by companies to provide their customers with yet another convenient payment option.

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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 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

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

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Venmo Growth. For Venmo, some of the numbers were less than detailed. retailers that accept PayPal.

Zelle 42

Zelle Venmo P2P PayPal 42

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

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. However, P2P’s future growth will depend on solving problems related to data privacy and other issues — at least, according to some observers. P2P Partnerships.

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P2P Zelle Venmo Debit Card 79

PYMNTS

OCTOBER 29, 2019

Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, Venmo announced in a press release on Tuesday (Oct. PayPal uses the Dosh cash-back platform to manage the Venmo program. .

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Venmo Debit Card PayPal P2P 54

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. PayPal made a big push in 2020 to expand its POS presence.

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P2P Venmo Online and Mobile Banking PayPal 52

PYMNTS

FEBRUARY 20, 2019

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.” P2P, or peer-to-peer payments, is exploding in the market. There are markets and there are $100 trillion markets.

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PayPal Digital Payments Venmo Zelle 87

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.

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PYMNTS

OCTOBER 29, 2018

Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout. By accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. The addition of Venmo comes at a time when Shopify is seeing sales slow.

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Venmo PayPal P2P Adjustments 69

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. P2P and Millennials. About a fifth, by comparison, had used Venmo for gambling. P2P Growth.

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P2P Venmo Zelle Law Enforcement 46

PYMNTS

SEPTEMBER 24, 2019

Person-to-person (P2P) payments providers are also trying to accelerate their services. PayPal recently announced that it would enable users of its Venmo P2P app to instantly transfer funds to bank accounts over The Clearing House’s Real-Time Payments rail. Meeting Older Generations’ Rising Demands for Mobile P2P.

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

Payments Source

JULY 24, 2019

The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.

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Venmo P2P PayPal Payments 71

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

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. User data from the financial institution (FI) showed 142 percent year-over-year growth in Zelle P2P transactions to 35.1

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Zelle Venmo P2P Privacy 40

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. Mastercard Partners With Four Retailers for Pay by Bank App.

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Venmo Credit Cards PayPal Visa 40

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

Fi911

APRIL 23, 2024

While this has brought about a plethora of options from PayPal to Venmo, it has also led to a fragmented ecosystem where interoperability has been a significant challenge. Visa Plus, or Visa+, is a money transfer service designed to act as a bridge between different P2P payment platforms. How Does Visa+ Work?

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Venmo CashApp P2P Interoperability 52

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

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Zelle P2P Scams Financial Crimes 89

PYMNTS

NOVEMBER 4, 2019

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion.

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P2P Zelle Venmo Consumer 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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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. Venmo Steps up Its Game Against Zelle. PayPal-owned Venmo hit 40 million active users in Q1 of 2019.

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Venmo Zelle P2P Underwriting 51

PYMNTS

JULY 30, 2020

In today’s top news, Enova will purchase OnDeck in a $90 million stock and cash deal, and PayPal reported record second-quarter earnings. Strong Venmo And QR Code Payments Growth Help PayPal Score Record Q2 Earnings. PayPal beat analyst expectations on Wednesday (July 29) and experienced a record quarter.

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PayPal Venmo Payroll Contactless Payments 53

PYMNTS

JULY 25, 2019

According to PayPal , call it a hiccup, a delay, not a loss — and not lost sales. Wall Street was down on PayPal’s growth forecasts when the payments giant reported earnings Wednesday (July 24) afternoon after the bell, sending shares skidding roughly 7 percent. On Wall Street, as in life, there’s the benefit of the doubt.

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PYMNTS

JANUARY 26, 2018

After first announcing the service last summer, PayPal has released an instant transfer feature that lets consumers send money from Venmo to their debit cards without waiting days for their funds to appear, The Verge reported. The service will only work with Visa and Mastercard debit cards, however.

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Venmo PayPal Debit Card Online and Mobile Banking 41

PYMNTS

OCTOBER 16, 2017

Venmo has a new creative campaign, but if you like it, don’t rave about it — just _ them. According to Venmo’s Head of Marketing, Kasia Leyden, the idea is to put users’ stories front and center, making the money transfer company the only brand that can fill the blank in whatever occasion they’re sharing. Let’s not make it awkward.

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Venmo P2P PayPal Use Case 44

PYMNTS

MARCH 6, 2018

As a result, fans across the country have since been turning to PayPal’s person-to-person (P2P) payments platform Venmo to turn Kufrin’s frown upside down, according to BuzzFeed reports. Wine from your new friends in Austin, TX,” wrote Venmo user Annie Kluesner in a message accompanying her monetary gift.

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PYMNTS

OCTOBER 8, 2018

PYMNTS research found that 51 percent of full-time gig workers prefer to be paid via PayPal , which outranked all other forms of payment, including direct deposit. The Ubiquity (And Certainty) Of PayPal. However, the same can’t be said of PayPal. Until that changes, it’s likely that the preference for PayPal will remain.

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Direct Deposit PayPal Wire Transfer Zelle 67

PYMNTS

AUGUST 23, 2018

Executives at PayPal are deciding whether they should remove the option to post and view public transactions on Venmo. Venmo is always evaluating what’s best for our customers,” a PayPal spokesman wrote in an emailed statement. As a result, Venmo has been criticized for its privacy policies.

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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

PYMNTS

FEBRUARY 19, 2018

When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. percent of payments executives are focused on peer-to-peer (P2P) payments. To make a profit from the service, Venmo charges a processing fee to the retailer. A whopping 42.5

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Tearsheet

JANUARY 30, 2024

In the run-up to the scheduled release of the final quarter results for 2023, PayPal last week unveiled upgrades to its services, including AI-driven personalizations and checkout experiences for both merchants and consumers. It’s something PayPal has been working on for a while.

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PayPal Venmo AI Zelle 52

PYMNTS

APRIL 24, 2019

Zelle has also been touting an ad campaign called “Everyday Better,” to highlight person-to-person (P2P) payments. Although digital P2P adoption first caught on with millennials, adoption of P2P services continues to rise among all generations. Zelle also had a fortuitous fourth quarter , along with Venmo.

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Zelle Payment Networks Process Venmo 61