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

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Zelle Catches A Growth Wave, Threatening Venmo
Zelle Catches A Growth Wave, Threatening Venmo
July 17, 2018  |  Mobile

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably,...

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Users Of Digital Payment Services Have Difficulty Recovering Mistakes
Users Of Digital Payment Services Have Difficulty Recovering Mistakes
July 13, 2018  |  Security & Fraud

Digital peer-to-peer payment services like Venmo are growing in popularity, but according to a report in The Wall Street Journal, consumers who make faulty payments...

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Uber And Venmo Ink Payment Partnership
Uber And Venmo Ink Payment Partnership
July 12, 2018  |  Partnerships / Acquisitions

Uber and Venmo, the payment app owned by PayPal, announced on Thursday (July 12) that they’re partnering to deliver a new payment experience available with...

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Smaller Firms Targeted For Big Hauls By Payments Fraudsters
Smaller Firms Targeted For Big Hauls By Payments Fraudsters
July 05, 2018  |  B2B Payments

Size matters when it comes to payments fraud, it seems.  Recent stories show local companies targeted for big payouts, done through fake invoices, and of...

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PayPal’s Bill Ready On Making Checkout Smarter For Consumers And Merchants
PayPal’s Bill Ready On Making Checkout Smarter For Consumers And Merchants
June 29, 2018  |  Mobile Payments

Fighting payments friction is more or less PayPal’s DNA. In its early days (a little less than two decades ago), PayPal solved the payments frictions...

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PayPal Rolls Out Checkout With Smart Payment Buttons
PayPal Rolls Out Checkout With Smart Payment Buttons
June 28, 2018  |  Payments Innovation

Today PayPal is launching Checkout with Smart Payment Buttons, the latest salvo in the firm’s ongoing war against checkout friction. Friction during the online checkout process...

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Venmo Launches Debit Cards
Venmo Launches Debit Cards
June 25, 2018  |  Digital Payments

Venmo is getting into cards. The peer-to-peer payment app owned by PayPal said Monday (June 25) that it has launched a Mastercard-branded debit card. The...

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Venmo To Phase Out Web Support
Venmo To Phase Out Web Support
June 18, 2018  |  Payment Methods

Venmo, the peer-to-peer payment app owned by PayPal, is gearing up to discontinue web support for its payment service. TechCrunch, citing an email to users,...

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Zelle Projected To Grow More Than 73 Percent In 2018
Zelle Projected To Grow More Than 73 Percent In 2018
June 15, 2018  |  Payment Methods

With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle...

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