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)

Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
September 21, 2023  |  Credit Cards

PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last...

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Venmo Begins Rollout of PayPal USD Stablecoin to Users
Venmo Begins Rollout of PayPal USD Stablecoin to Users
September 20, 2023  |  Cryptocurrency

PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries...

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Hallmark Lets Consumers Venmo Gift Cards as DoorDash and Costco Up Digital Too
Hallmark Lets Consumers Venmo Gift Cards as DoorDash and Costco Up Digital Too
September 13, 2023  |  Retail

In today’s fast-paced world, gift-giving has become a convenient and versatile practice. Among the many options available, gift cards have emerged as the go-to choice...

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Hallmark Teams With Venmo to Streamline Cash Gifting
Hallmark Teams With Venmo to Streamline Cash Gifting
August 30, 2023  |  Partnerships

Hallmark and Venmo say they want to make lost birthday checks a thing of the past. The greeting card company and the PayPal-owned money transfer service announced Wednesday (Aug. 30)...

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GoFundMe Allows Venmo Payments to Speed Maui Wildfire Relief
GoFundMe Allows Venmo Payments to Speed Maui Wildfire Relief
August 24, 2023  |  Digital Payments

GoFundMe says it has added Venmo as a payment method to speed fundraiser donations. “Sixty-one percent of donors are most likely to hear about causes through word of...

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Shopmium Adds Venmo to Its Cash Back Offerings
Shopmium Adds Venmo to Its Cash Back Offerings
August 24, 2023  |  Retail

Savings app Shopmium has integrated Venmo into its cash-back redemption offering. As the Salt Lake City company said in a Thursday (Aug. 24) news release, this means its...

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Tap to Pay Popular as Checkout Moves With Consumers Wherever They Go
Tap to Pay Popular as Checkout Moves With Consumers Wherever They Go
August 23, 2023  |  Digital Payments

Tap to pay has tapped into consumers’ desire for speed at the register and to have some control over checkout — in effect taking the...

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62% of FIs Grapple With a Rise in Fraudulent Transactions
62% of FIs Grapple With a Rise in Fraudulent Transactions
August 18, 2023  |  Security & Fraud

As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. As noted in the report “The State...

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Venmo Takes Top Spot, Chime Follows in Credit Card App Rankings
Venmo Takes Top Spot, Chime Follows in Credit Card App Rankings
August 17, 2023  |  Credit Cards

Embracing the ever-evolving terrain of credit card apps, the PYMNTS Provider Ranking of Credit Card Apps stands as your steadfast guide, revealing the ascent of frontrunners and...

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