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)

PayPal CEO Calls 2024 a ‘Transition Year’ Amid Churn and Slowing Growth
PayPal CEO Calls 2024 a ‘Transition Year’ Amid Churn and Slowing Growth
February 07, 2024  |  Earnings

Slowing growth. A churning of inactive accounts. A slew of puts and takes dominated PayPal’s earnings Wednesday (Feb. 7), and a number of flat metrics...

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Tech Providers Add ‘Buy Button’ Features to Win Subscription Merchants’ Spending
Tech Providers Add ‘Buy Button’ Features to Win Subscription Merchants’ Spending
January 26, 2024  |  eCommerce

With subscription companies seeking more frictionless ways to drive conversion, tech giants are looking to capture the opportunity, offering one-click solutions and other quicker, easier...

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PayPal Rolls Out One-Click Checkout, Personalized Offers and ‘Smart Receipt’ Features
PayPal Rolls Out One-Click Checkout, Personalized Offers and ‘Smart Receipt’ Features
January 25, 2024  |  Retail

PayPal is introducing what it terms a “reimagined checkout experience” that will reduce checkout times by as much as 50%. In addition, it’s using artificial...

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Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
Manhattan DA: Payment Apps Need Greater Anti-Theft Protection
January 25, 2024  |  Security & Fraud

If someone stole your phone, how quickly would they be able to steal your money? It’s a scenario that Manhattan District Attorney Alvin Bragg says...

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Chime, Citi Mobile Lead Provider Ranking of Credit Card Apps
Chime, Citi Mobile Lead Provider Ranking of Credit Card Apps
January 23, 2024  |  Mobile Applications

Valentine’s Day is almost here. Want to buy your sweetheart that special something they’ve been eyeing, but need a financial boost? PYMNTS is here to...

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Citi Mobile Leads in PYMNTS’ Provider Ranking of Credit Card Apps
Citi Mobile Leads in PYMNTS’ Provider Ranking of Credit Card Apps
December 20, 2023  |  Credit Cards

Making your loved ones happy is priceless. For everything else, there’s a credit card. Picking a credit card can be challenging. Whether you’re considering annual...

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Venmo’s Growth Was Steady in the Quarters Leading to Amazon’s Decision to Pull the Plug
Venmo’s Growth Was Steady in the Quarters Leading to Amazon’s Decision to Pull the Plug
December 08, 2023  |  Payment Methods

The news that Amazon will stop taking Venmo payments prompts much speculation as to the why behind it all, roughly 14 months since the 90...

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Venmo No Longer Accepted on Amazon in January
Venmo No Longer Accepted on Amazon in January
December 07, 2023  |  Amazon Payments

Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. “Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said...

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Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
Apple Faces Lawsuit Over Apple Cash From Venmo, CashApp Users
November 20, 2023  |  Apple

Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App.  The lawsuit alleges that Apple has abused its market power in the...

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