PayPal leans on Venmo for growth
Payments Dive
MARCH 6, 2023
While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.
PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce
PayPal
JANUARY 25, 2024
Company introduces reimagined checkout and guest checkout experiences, new advanced offers platform for merchants, and new consumer app to earn cash back and give customers more reasons to shop with PayPal New Venmo enhancements enable local small businesses to be discovered and grow
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Tune in to an Exclusive Preview of the Newest Innovations from PayPal and Venmo
PayPal
JANUARY 16, 2024
PayPal will provide an exclusive preview on January 25, 2024 at 9:30 am PT of the first innovations PayPal and Venmo are piloting and bringing to market this year.
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Amazon drops Venmo users
Payments Dive
DECEMBER 7, 2023
Jettisoning Venmo from the retail juggernaut’s marketplace is another strike against PayPal’s recent growth efforts.
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Visa+ expands its availability for PayPal and Venmo users across the US
Tearsheet
APRIL 22, 2024
At the time, Visa+ outlined plans to make the service widely available to Venmo and PayPal users in the US by mid-2024. Expanding on last year’s announcement, the recent development marks the official [consumer] launch of the service with inaugural partners PayPal, Venmo, and DailyPay.
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PayPal and Venmo Unveil Six New Innovations to Revolutionize Commerce
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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CFPB probe of Venmo complicates PayPal's plans
Payments Source
FEBRUARY 5, 2021
The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure.
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Venmo to launch teen account
Payments Dive
MAY 23, 2023
The move is part of PayPal’s plan to lean on Venmo to lure more users.
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CVS Pharmacy Unveils Contactless Payments Via PayPal, Venmo
PYMNTS
NOVEMBER 16, 2020
Customers at 8,200 CVS Pharmacy locations can use PayPal and Venmo to pay for purchases contact-free starting Monday (Nov. Customers will be able to pay for the transactions by drawing against balances in PayPal or Venmo accounts or by drawing on bank accounts, debit cards or credit cards linked to a PayPal or Venmo account.
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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain
The Fintech Times
MAY 30, 2024
PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. “Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.” PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company.
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Amazon ditches Venmo
Finextra
DECEMBER 7, 2023
Shares in PayPal fell on Thursday after Amazon said it was removing Venmo as a payment option.
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116 PayPal's pandemic winning streak continues; Venmo reaches $44 billion in volume
Payments Source
NOVEMBER 2, 2020
Reflecting the rapid transition to digital payments, PayPal has reported its strongest growth in total payment volume and revenue in its history, coupled with strong growth for Venmo, its P2P app.
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PayPal partners with Ingo Money on Venmo check deposit
Payments Source
JANUARY 4, 2021
PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.
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TrustCommerce Adds PayPal and Venmo for Healthcare Providers
The Nilson Report
APRIL 2, 2024
The post TrustCommerce Adds PayPal and Venmo for Healthcare Providers appeared first on Nilson Report.
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Tap to Pay on iPhone Now Available for Venmo and PayPal Zettle Businesses in the U.S.
Fintech Finance
MARCH 7, 2024
PayPal Holdings, Inc. NASDAQ: PYPL) today announced that Tap to Pay on iPhone is now available for all Venmo business profile and PayPal Zettle users in the U.S., This is the latest development in PayPal’s ongoing efforts to help small businesses sell more, grow their business, and manage their finances more efficiently.
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TrustCommerce Adds PayPal and Venmo to Give Healthcare Providers Greater Healthcare Payment Choice for Patients
Fintech Finance
MARCH 7, 2024
TrustCommerce, a Sphere company and a leading provider of end-to-end integrated healthcare payments and security software, announced today that it is adding PayPal and Venmo , in the U.S., Together, TrustCommerce and PayPal are providing a solution that gives providers the foundation for ongoing success.
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PayPal hit with Venmo fraud lawsuit
Payments Dive
JUNE 30, 2022
Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.
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PayPal’s new CEO takes the Venmo challenge
Payments Dive
MARCH 21, 2024
PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.
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Fiserv brings PayPal Fastlane and Venmo under the hood
Finextra
AUGUST 29, 2024
PayPal Holdings, Inc. NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. NASDAQ: PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc.
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Geoff Seeley Joins PayPal as Chief Marketing Officer
PayPal
FEBRUARY 26, 2024
Seeley brings over 25 years of global brand, digital, and performance marketing expertise to PayPal and its family of brands, including Venmo.
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American Express Links Up With PayPal, Venmo To Enable Customers To Split Payments
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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Tap to Pay on iPhone Available for Venmo and PayPal Zettle Businesses in the US
The Nilson Report
APRIL 3, 2024
The post Tap to Pay on iPhone Available for Venmo and PayPal Zettle Businesses in the US appeared first on Nilson Report.
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PayPal reports strong numbers for Venmo, Visa posts solid Q2
Payments Dive
APRIL 25, 2019
PayPal and Visa reported strong earnings in the first quarter of 2019, with PayPal breaking out Venmo numbers for the first time.
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Visa launches Visa+ on Venmo and PayPal
The Paypers
APRIL 2, 2024
Visa has announced the launch of its Visa+ solution on Venmo and PayPal in order to provide US-based customers with optimised cross border payments.
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PayPal's Solid Q3, Big Crypto Ambitions And Plans To Bring BNPL to Venmo
PYMNTS
NOVEMBER 2, 2020
It was another quarter of record-breaking results for PayPal , which saw both record transactions and new customer enrollments in Q3. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Additionally, PayPal reported processing a record 4 billion transactions during Q3.
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PayPal, Venmo to enhance commerce with new solutions
The Paypers
JANUARY 26, 2024
US-based financial technology company PayPal and Venmo have announced six new improvements that aim to enhance commerce for consumers and merchants.
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High-Risk Business with Stripe, PayPal, Square, Venmo
Payment Savvy
MAY 17, 2023
High-Risk PayPal Payment Account Reasons PayPal Drops Payment Accounts Any PayPal high-risk merchant account is usually at a disadvantage when it comes to processing payments. The most common reason for PayPal to limit high-risk accounts is a high chargeback ratio. Maintain an accepted PayPal credit score.
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Hyperwallet adds an avenue for PayPal to make Venmo profitable
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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PayPal Expands Strategic Partnership with Fiserv to Streamline Checkout Experiences in the U.S.
Fintech Finance
AUGUST 29, 2024
PayPal Holdings, Inc. NYSE: FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Fiserv is a core strategic partner, delivering technology and capabilities that fuel PayPal’s customer-centric innovation across multiple domains and product lines.
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PayPal Eyes Credit To Monetize Venmo
PYMNTS
APRIL 21, 2019
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Venmo isn’t the only one that is eyeing the credit card market.
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Tap-to-Pay on iPhone live for Venmo business and PayPal Zettle in the US
The Paypers
MARCH 8, 2024
US-based online payments gateway service provider PayPal has announced that Tap-to-Pay on iPhone is available for Venmo business profiles and PayPal Zettle users in the US.
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How PayPal and Venmo Can Help You Modernize Your Citizen Payment Experience
Core
SEPTEMBER 27, 2023
Consumers are used to an incredible number of options at nearly every checkout—tap-and-go, text payments, Venmo, PayPal, credit cards, eCheck, and so many more. It looks like mimicking the way consumers pay for other things in their life: digital wallets, online payment options, tap-to-pay, eCheck, Venmo, PayPal, and more.
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Using Venmo for Business: Everything You Need to Know
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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Amazon rolls out Venmo payment option
Payments Dive
OCTOBER 25, 2022
The e-commerce giant’s new payment method was first teased in an announcement from Venmo owner PayPal last year.
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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings
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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PayPal and Venmo roll out suite of new product updates
Finextra
JANUARY 29, 2024
PayPal Holdings, Inc. NASDAQ: PYPL) today announced six new innovations the company is piloting and bringing to market this year to revolutionize commerce through artificial intelligence (AI) driven personalization for both merchants and consumers.
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Apple Wallet now supports PayPal and Venmo credit and debit cards
The Paypers
OCTOBER 4, 2023
PayPal has announced that users can add their eligible PayPal and Venmo credit or debit cards to their Apple Wallets.
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PayPal makes PYUSD available to select Venmo users
The Paypers
SEPTEMBER 21, 2023
US-based financial technology company PayPal has rolled out its PYUSD stablecoin to select users on the Venmo platform.
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Tap to Pay on iPhone comes to US Venmo Business users
Finextra
MARCH 8, 2024
PayPal Holdings, Inc. NASDAQ: PYPL) today announced that Tap to Pay on iPhone is now available for all Venmo business profile and PayPal Zettle users in the U.S., enabling them to accept contactless card and digital wallet payments directly on their iPhones with no additional cost or hardware.
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