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’s 203M Users Drive More Frequency
PayPal’s 203M Users Drive More Frequency
April 27, 2017  |  Earnings

It was another good earnings day to be PayPal, as the firm managed to beat the Street on earnings and analyst projections and upwardly adjusted...

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Western Union Teams Up With Facebook Messenger For Global Money Transfers
Western Union Teams Up With Facebook Messenger For Global Money Transfers
April 19, 2017  |  Payment Methods

Score another win for Facebook with Western Union’s latest announcement at the social media giant’s F8 annual developer conference. As we’ve reported, there have been various...

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The Big Banks Have Officially Released Zelle Into The Wild To Take On Venmo
The Big Banks Have Officially Released Zelle Into The Wild To Take On Venmo
February 23, 2017  |  Mobile

The hype around P2P payments has been fairly turned up over the last few years, and the upcoming battle between big bank-backed Zelle and PayPal...

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Foodler Users Can Quickly Split The Check With Addition Of Venmo
Foodler Users Can Quickly Split The Check With Addition Of Venmo
February 21, 2017  |  Digital Payments

Splitting the check for Foodler users has gotten a lot easier now that the rapidly growing delivery app accepts Venmo as a payment method. According...

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For Banks, Tech As Threat And Savior
For Banks, Tech As Threat And Savior
November 07, 2016  |  PYMNTS Topic TBD

Pity the banks. Tech upstarts get all the digital and real ink when it comes to coverage. Banks get written off as financial services has-beens....

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Venmo Ups The Ante On Zelle
Venmo Ups The Ante On Zelle
September 13, 2016  |  Payment Methods

In the latest salvo by payments app Venmo, lobbed towards the big banks, the firm is debuting what Reuters terms a “major promotional campaign,” its first, gunning for...

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The Big Banks’ Coming Venmo Killer
The Big Banks’ Coming Venmo Killer
August 25, 2016  |  Mobile Payments

Can the biggest banks in the United States catch up to the millennial-beloved Venmo with their own P2P payments app? They’re sure hoping so and...

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The ‘Why’ And The ‘Wow’ Of Pay With Venmo
The ‘Why’ And The ‘Wow’ Of Pay With Venmo
July 28, 2016  |  Mobile Commerce

If one wanted a quick, three-word explanation for why social commerce or social media-based contextual commerce is actually much, much harder to do than it...

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