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: BNPL Volumes Surge 226% Year on Year  
PayPal: BNPL Volumes Surge 226% Year on Year  
August 02, 2022  |  Earnings

PayPal’s most recent earnings results spotlight the continued digital shift, as active user counts eclipsed pre-pandemic levels.   And buy now, pay later (BNPL) volumes...

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Grant Program Offers Support to Venmo Business Users
Grant Program Offers Support to Venmo Business Users
July 28, 2022  |  SMBs

A new grant program offered by PayPal will provide financial and mentorship support to 20 new and existing Venmo Business Profile users. Each of the 20 businesses selected...

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P2P Payments Fraud Suggests Liability Gray Area
P2P Payments Fraud Suggests Liability Gray Area
July 12, 2022  |  Banking

Peer-to-peer (P2P) transactions between bank accounts are gaining in popularity, evidenced by the triple-digit percentage gains in Zelle and Venmo volumes, due in part to...

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PayPal, Venmo Now Payment Options at In-Store POS
PayPal, Venmo Now Payment Options at In-Store POS
May 11, 2022  |  POS Innovation

PayPal is seeing an expansion of people using its services as the world becomes more digitized, a company blog noted. The release said PayPal knows...

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PayPal’s Buy Now, Pay Later Volumes Surge 256%
PayPal’s Buy Now, Pay Later Volumes Surge 256%
April 27, 2022  |  Earnings

It’s no easy task to craft a payments ecosystem. Yes, PayPal noted that giving guidance is tough in the current environment — and yes, the...

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Today in the Connected Economy: Following Subscriber Drop, Netflix Unveils Category Hub
Today in the Connected Economy: Following Subscriber Drop, Netflix Unveils Category Hub
April 21, 2022  |  Connected Economy

Today in the connected economy, Netflix unveils a new way for viewers to find their favorite shows days after reporting a massive drop in viewers....

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PayPal, Venmo to Change Instant Transfer Fees
PayPal, Venmo to Change Instant Transfer Fees
April 21, 2022  |  Faster Payments

PayPal has announced plans to change the fees related to its Instant Transfer offerings for U.S. consumers and merchants on PayPal and Venmo, according to...

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Venmo Offers Prizes to College Students in ‘Finals Giveaway’
Venmo Offers Prizes to College Students in ‘Finals Giveaway’
April 18, 2022  |  Mobile Payments

Venmo has debuted its #VenmoU “Finals Giveaway” of $500,000, letting students earn money as they keep up their schooling, a press release said. This comes...

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Mobile Outshines Laptops as Consumers Venture Out in 2022
Mobile Outshines Laptops as Consumers Venture Out in 2022
March 17, 2022  |  eCommerce

Daylight savings time has sprung ahead, it’s a tad warmer each day, and COVID-19 is receding in most places. We’re heading out to shop and...

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