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

Company logo
Company cover image
The Explanations Edition: Equifax, Apple and Square
The Explanations Edition: Equifax, Apple and Square
September 11, 2017  |  Data Dive

All eyes were on the sky last week, as most of the Southeastern United States braced for Hurricane Irma. And, as post-Harvey rebuilding assessments are ongoing...

READ MORE >
Zelle To Launch Android, iOS App This Week
Zelle To Launch Android, iOS App This Week
September 11, 2017  |  Mobile Applications

Zelle, the payment company backed by a consortium of big banks in the U.S., is gearing up to launch a P2P mobile payment app next...

READ MORE >
PayPal’s Ready On Mobile Payment’s True Potential
PayPal’s Ready On Mobile Payment’s True Potential
September 11, 2017  |  Mobile Payments

“It is not about changing the swipe or dip to a tap; it’s about using a [smart]phone to do things that you could not otherwise do.”...

READ MORE >
New Details Emerge On Apple Pay Cash
New Details Emerge On Apple Pay Cash
September 04, 2017  |  Payment Methods

Details remain scarce on Apple’s Apply Pay Cash tool, a peer-to-peer solution that enables consumers to send money to one another’s Apple Pay Cash card,...

READ MORE >
Venmo Says Yes To QR, Everyone Loves Rewards And Wells Fargo’s Saga Carries On
Venmo Says Yes To QR, Everyone Loves Rewards And Wells Fargo’s Saga Carries On
August 14, 2017  |  Data Dive

There was not much in the mainstream news this week to cheer for — between a terrifying situation abroad in North Korea and a tragic...

READ MORE >
Pay By Sound: It’s Back!
Pay By Sound: It’s Back!
August 09, 2017  |  Payment Methods

Sound travels at 767 miles per hour, so if you want a faster contactless payment, audio waves aren’t a bad vehicle for it. But harnessing...

READ MORE >
Venmo Rolls Out QR Code Feature To Ease P2P Mobile Payments
Venmo Rolls Out QR Code Feature To Ease P2P Mobile Payments
August 08, 2017  |  Payment Methods

Venmo recently launched a new QR code feature to more easily locate friends within its mobile payments app. According to a news report in TechCrunch, the...

READ MORE >
Braintree GM On Its Billion (Transaction) Roots
Braintree GM On Its Billion (Transaction) Roots
August 01, 2017  |  Payment Methods

When Braintree announced last week that it hit a billion transactions in Q2, it made news. It also prompted Karen Webster to ask Braintree GM,...

READ MORE >
PayPal Subsidiary Braintree Powers 1 Billion Quarterly Transactions
PayPal Subsidiary Braintree Powers 1 Billion Quarterly Transactions
July 27, 2017  |  Payment Methods

Payments processing platform Braintree, a subsidiary of PayPal, announced Thursday (July 27) that it has reached the 10-digit milestone, processing more than 1 billion payment...

READ MORE >