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)

Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
November 20, 2023  |  Credit Cards

Citi Mobile made moves in this edition of PYMNTS’ Provider Ranking of Credit Card Apps. Venmo, which was previously No. 1, fell to make room...

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VerityPay Debuts Pay-by-Text Offering for B2C Payments
VerityPay Debuts Pay-by-Text Offering for B2C Payments
November 14, 2023  |  Payment Methods

B2B Software-as-a-Service (SaaS) platform VerityPay has launched with a new pay-by-text tool for businesses. The new offering lets businesses make payments through text or SMS straight into...

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Venmo Debuts Feature for Managing Group Expenses
Venmo Debuts Feature for Managing Group Expenses
November 14, 2023  |  Payment Methods

Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient...

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Venmo Remains on Top in PYMNTS Credit Card Apps Ranking
Venmo Remains on Top in PYMNTS Credit Card Apps Ranking
October 24, 2023  |  Mobile Applications

This month in the PYMNTS Provider Ranking of Credit Card Apps we don’t see a lot of movement in terms of rankings, but we do see some...

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Venmo and InComm Team to Offer Digital Gift Cards
Venmo and InComm Team to Offer Digital Gift Cards
October 18, 2023  |  Retail

Payments firm InComm has teamed with Venmo to enhance that company’s digital gift card offering. According to a Wednesday (Oct. 18) news release, the new feature offers eligible Venmo customers...

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Plaid Hires Former Expedia CFO Eric Hart Before IPO
Plaid Hires Former Expedia CFO Eric Hart Before IPO
October 18, 2023  |  Personnel

FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Eric Hart, the former CFO of Expedia,...

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Entersekt Launches Authentication Solution for Mobile Banking Apps
Entersekt Launches Authentication Solution for Mobile Banking Apps
October 18, 2023  |  Security & Fraud

Entersekt, a leading provider of authentication solutions, announced Wednesday (Oct. 18) the launch of a fully integrated mobile application authentication solution for financial institutions (FIs),...

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PayPal Faces Class-Action Lawsuit Alleging Anti-Competitive Practices
PayPal Faces Class-Action Lawsuit Alleging Anti-Competitive Practices
October 05, 2023  |  Legal

A class-action lawsuit has been filed against PayPal, alleging that the company engages in anti-competitive practices that result in higher prices for consumers during eCommerce transactions. The lawsuit,...

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PayPal and Venmo Cards Now Compatible With Apple Wallet
PayPal and Venmo Cards Now Compatible With Apple Wallet
October 03, 2023  |  Mobile Wallets

PayPal Holdings has announced that customers can now add their eligible PayPal and Venmo credit or debit cards to Apple Wallet. This integration allows users to make payments with a tap...

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