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)

Today In Payments: Visa Study Finds Most Want Contactless Payments On Public Transit; Robinhood Begins Trading
Today In Payments: Visa Study Finds Most Want Contactless Payments On Public Transit; Robinhood Begins...
July 29, 2021  |  News

In today’s top news, Visa’s new study found that commuters want contactless payments on public transit, and Robinhood opened trading with an estimated $31.8 billion...

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PayPal: Venmo Volumes Grow 58 Pct YoY To $58B
PayPal: Venmo Volumes Grow 58 Pct YoY To $58B
July 29, 2021  |  Earnings

PayPal reported second-quarter results Wednesday (July 28) that showed the great digital shift had boosted eCommerce fortunes and that peer-to-peer (P2P) payments during the period...

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Venmo Boosts Privacy Settings In New Update
Venmo Boosts Privacy Settings In New Update
July 20, 2021  |  Mobile Wallets

A new Venmo redesign will boost privacy settings and make it so that payments can’t be seen by strangers, a Tuesday (July 20) news release...

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Coinbase, Subscriptions, Open Banking Top This Week’s News
Coinbase, Subscriptions, Open Banking Top This Week’s News
July 02, 2021  |  The Weekender

In this week’s news, we saw news that Coinbase debuted a crypto savings account. Also, new insights have emerged on subscription conversions and open banking....

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Today In Payments: Venmo To Charge Goods, Services Providers; US Credit Card Issuers Up Ante To Attract Cardholders
Today In Payments: Venmo To Charge Goods, Services Providers; US Credit Card Issuers Up Ante...
June 28, 2021  |  News

In today’s top news, Venmo is adding transaction charges for goods and services, and U.S. credit card companies are looking to encourage consumers to borrow....

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Venmo Raises P2P Fees, To Charge Goods, Services Providers
Venmo Raises P2P Fees, To Charge Goods, Services Providers
June 27, 2021  |  Mobile Payments

New Venmo rules will make it so users who get payments identified as goods and services will be charged a 1.9 percent transaction fee plus...

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Rapidly Expanding P2P Market Faces Interoperability Challenges
Rapidly Expanding P2P Market Faces Interoperability Challenges
June 07, 2021  |  Payment Methods

The rapid rush to digitization pushed by the pandemic period over the last 15 months has sparked something of a renaissance among peer-to-peer (P2P) payments...

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BNPL Pays Now As PayPal Reports Strong Q1 Results
BNPL Pays Now As PayPal Reports Strong Q1 Results
May 06, 2021  |  Earnings

It was another victory march of an earnings report for PayPal as its Q1 results went out over the wires Wednesday (May 5).  Earnings came...

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Today In Payments: Visa Teams With Airbnb On Faster Host Payments; Fiserv Delivers POS QR Codes With PayPal And Venmo
Today In Payments: Visa Teams With Airbnb On Faster Host Payments; Fiserv Delivers POS QR...
April 28, 2021  |  News

In today’s top news, Airbnb hosts can now use Visa Direct to up their cash flow, and Fiserv is teaming with PayPal and Venmo to...

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