PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. percent of overall volume at Venmo in March compared to 0.25 percent in January. percent and are now lower.

Venmo 89

Venmo PayPal Payments Transactions 89

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 is one of the FinTechs that have been able to garner widespread adoption.

Venmo 76

Venmo PayPal Credit Cards Zelle 76

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. For the full year 2018, total P2P volume increased 49 percent to about $149 billion.

Venmo 71

Venmo P2P Zelle PayPal 71

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

Venmo 53

Venmo Volume PayPal Debit Card 53

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.

Venmo 98

Venmo PayPal Payment APIs and Integration P2P 98

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 PayPal said that in addition to the overall company’s record performance, Venmo put up all-time-best numbers as well. And we’re seeing all of that reflected in the usage of Venmo.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

JANUARY 24, 2019

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from Q3 and 61 percent from a year before.

Zelle 69

Zelle Volume Process Venmo 69

PYMNTS

OCTOBER 19, 2018

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on Friday (Oct. The total payment volumes of Venmo skyrocketed by 78 percent and reached $17 billion. And nearly a quarter – or 24 percent of Venmo users – completed a “monetizable action.”

Venmo 67

Venmo PayPal Volume Accounts 67

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.

Venmo 69

Venmo PayPal P2P Adjustments 69

Payments Dive

SEPTEMBER 21, 2023

The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

Volume 89

Volume Venmo P2P Debit Card 89

PYMNTS

AUGUST 12, 2019

Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company on Monday (Aug. Having money in your Venmo account is an awesome feeling — it makes paying friends and family that much easier,” the company said. “We the company said. PayPal’s TPV was up 25 percent year on year.

Venmo 63

Venmo Debit Card PayPal Adjustments 63

Payments Source

JANUARY 30, 2020

PayPal reported strong growth in revenues, earnings, payments volume and users, demonstrating as the company has finally transitioned away from the vestiges of its former eBay ownership.

PayPal 100

PayPal Venmo Mobile Payments Volume 100

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. million U.S.

Zelle 58

Zelle Venmo P2P PayPal 58

Payments Source

OCTOBER 24, 2019

PayPal announced a record-breaking quarter on multiple fronts including overall growth in total payment volume , yet one issue still dogs PayPal — it loses money on the majority of Venmo users.

Venmo 65

Venmo PayPal Volume Payments 65

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.

Venmo 104

Venmo PayPal Direct Deposit P2P 104

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. For the most part, Venmo is well regarded by consumers and merchants alike, earning a reputation as one of the leading mobile payment services around.

Venmo 52

Venmo Payments Payer Card Issuer 52

PYMNTS

JANUARY 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. Venmo saw its active user accounts rise to 52 million by the end of the quarter, up from the 40 million PayPal reported during its last official count in April.

PayPal 85

PayPal Venmo Volume Cross-Border Payments 85

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. million U.S.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

APRIL 26, 2018

Schulman backed that claim with PayPal’s quarterly and year-on-year increases in transaction volume, active users, mobile transactions, revenue, earnings and its Venmo P2P platform. billion transactions – a 25 percent increase for a total payments volume (TPV) of $132 billion. By the Numbers. Revenue for the quarter was $3.69

PayPal 47

PayPal Volume Venmo P2P 47

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?

Zelle 40

Zelle Venmo P2P Privacy 40

Payment Savvy

MAY 17, 2023

If your payment processor determines your business is involved in fraudulent activities , has a high rate of chargebacks , or has a high volume of returns , it will flag you as high risk. High volume of transactions : Companies that process high volume of transactions per month may also be characterized as high-risk merchant accounts.

Venmo 52

Venmo PayPal Risk Processors 52

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. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

Zelle 42

Zelle Venmo P2P PayPal 42

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.

Venmo 51

Venmo Zelle P2P Underwriting 51

Clearly Payments

AUGUST 24, 2024

In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. The Rise of P2P Platforms P2P money transfer platforms such as PayPal, Venmo, Cash App, and Zelle have seen exponential growth in recent years. World Bank data indicates that global remittances reached $794 billion in 2023.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). Payment values went up 54 percent year over year, and payment volume increased 72 percent. Venmo, meanwhile, stood out as one of the best bits of news from PayPal’s Q1 earnings.

P2P 79

P2P Zelle Venmo Debit Card 79

PYMNTS

OCTOBER 21, 2020

billion gross payments volume mix came from smaller firms that have less than $500,000 in annual sales. Over the summer, Fiserv President and CEO Frank Bisignano said that gross payments volume was recovering and that annualized volumes were about $90 billion. Squaring Off Against Square (et al) . percent/10 cents and 2.9

Point-of-Sale (POS) 122

Point-of-Sale (POS) Push-to-Card PayPal Volume 122

PYMNTS

MAY 7, 2020

billion and its total payments volume (TPV) increase by roughly $68 billion, a roughly 22 percent year-on-year increase. According to PayPal, the deteriorating economic situation in March slashed the volumes and revenue generated from travel and events while simultaneously depressing credit income. 66 non-GAAP EPS. billion from $4.13

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

JANUARY 6, 2021

If everybody I'm going after is in a younger demographic and most of them use Venmo, then I’d better accept Venmo as a payment method,” Galloway said. We've absolutely seen volumes go up, and card-not-present volume transaction volumes have increased,” he said. Fish On Vs. Fish In The Boat.

Payments 110

Payments Venmo Volume Credential 110

PYMNTS

APRIL 24, 2019

Payment values went up 54 percent year over year, and payment volume increased 72 percent. Zelle also had a fortuitous fourth quarter , along with Venmo. In Q4, Venmo posted an 80 percent spike in transaction volume, hitting $19 billion in the fourth quarter of 2018, according to PayPal’s most recent financial earnings release.

Zelle 61

Zelle Payment Networks Process Venmo 61

PYMNTS

NOVEMBER 25, 2020

“The good news is that the modern technology and the available platforms mean [financial institutions] FIs don't have to make a ‘call’ and lay large bets on systems that either have an insignificant amount of volume or aren't even extant today,” Ranta said. Beyond PayPal And Venmo . Instant Paychecks Should Get Consumers Interested.

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

PYMNTS

JANUARY 31, 2019

billion for the quarter, up 28 percent, and that total payment volume (TPV) was up 26 percent year on year to $164 billion. Venmo got a strong shout out as well, with the volume of Venmo transactions hitting $19 billion, growing by 80 percent in Q4. For the year, nearly $62 billion changed hands on the Venmo platform.

Venmo 58

Venmo PayPal Volume Zelle 58

PYMNTS

NOVEMBER 13, 2020

Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted. The code can be scanned in the Venmo app by friends to send payments or split purchases.

Contactless Payments 122

Contactless Payments Interoperability PayPal Venmo 122

PYMNTS

JANUARY 30, 2020

Visa ’s fiscal first-quarter results showed an acceleration of cross-border volumes, while contactless payments continued to gain ground in the U.S. The company said that payments volume was up 8 percent year over year to $2.3 The company said that payments volume was up 8 percent year over year to $2.3 and beyond. Tap To Pay.

Contactless Payments 91

Contactless Payments Transactions Cross-Border Volume 91

PYMNTS

AUGUST 5, 2020

Its Cash App , which competes head-to-head with PayPal’s Venmo , was the key factor that drove Square’s profitability in Q2. And Square’s gross payments volume in Q2 dipped 15 percent year over year. The stock jumped 9 percent in after-hours trading to $149.43 Wednesday (Aug. 5), up from $136.83 at the close Tuesday (Aug.

Tax Refunds 87

Tax Refunds Small Business Shutdown Venmo 87

PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? The most recent statistics from NACHA found that ACH transaction volume jumped by 5.3 percent to 25.5 billion in 2016, with an estimated value at $43.7

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

Stax

MARCH 6, 2025

PayPal, Venmo, and Alipay). RFID can process multiple tags at once, so its better for merchants that handle high-volume transactions or large customer flows. QR code payments QR code payments offer a fast, touchless option to process transactions without NFC and RFID hardware. Static QR codes.

Contactless Payments 88

Contactless Payments Online and Mobile Banking Encryption CHIPS 88

Payments Source

OCTOBER 23, 2018

The Zelle network processed 116 million transactions during the July-September 2018 timeframe with a total value of $32 billion in payments.

Zelle 68

Zelle Volume P2P Transactions 68