Venmo


Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. Venmo is a type of payment rail. It handled $31 billion in transactions in the first quarter of 2020.

(source: venmo.com)

More Consumers Would Pay With Venmo If They Understood It
More Consumers Would Pay With Venmo If They Understood It
April 10, 2024  |  Payment Methods

For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass...

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As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
As Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground 
April 02, 2024  |  Cross-border Payments

Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress....

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Paypal and Venmo Begin Offering Visa+ P2P Payments
Paypal and Venmo Begin Offering Visa+ P2P Payments
April 02, 2024  |  Payment Methods

Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in...

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PayPal Opens iPhone Tap to Pay for Venmo Business Users
PayPal Opens iPhone Tap to Pay for Venmo Business Users
March 07, 2024  |  Mobile Payments

PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service...

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PayPal and Venmo Join TrustCommerce Healthcare Payments Platform
PayPal and Venmo Join TrustCommerce Healthcare Payments Platform
March 06, 2024  |  Healthcare

Healthcare payments firm TrustCommerce added PayPal and Venmo to its U.S. platform. The collaboration, announced Wednesday (March 5) in a press release by PayPal, lets patients use the company and its...

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Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
March 06, 2024  |  Money Mobility

Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience....

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PayPal Names Cash App, Afterpay Veteran Geoff Seeley Marketing Head
PayPal Names Cash App, Afterpay Veteran Geoff Seeley Marketing Head
February 26, 2024  |  Personnel

PayPal has named former Cash App and Afterpay marketing leader Geoff Seeley as its new chief marketing officer. Seeley will lead the global marketing team...

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Consumers Choose Pay-by-Bank Payments for Lower Fees
Consumers Choose Pay-by-Bank Payments for Lower Fees
February 21, 2024  |  Payment Methods

Account-to-account (A2A) payments, also known as pay-by-bank, are gaining popularity among consumers. In the United States, 36% of consumers use this payment method, according to...

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Millennials Embrace Connectivity Tools for Seamless Direct Bank Payouts
Millennials Embrace Connectivity Tools for Seamless Direct Bank Payouts
February 08, 2024  |  Payment Methods

Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These features allow consumers to link their...

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