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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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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Microsoft Offers Customers PayPal’s BNPL Solution
Microsoft Offers Customers PayPal’s BNPL Solution
July 26, 2023  |  Partnerships

Microsoft says its customers can now use PayPal’s buy now, pay later (BNPL) solution. That announcement Wednesday (July 26) is part of the tech giant’s expanded partnership with PayPal, with...

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PayPal Announces Return of Venmo Small Business Grant Program
PayPal Announces Return of Venmo Small Business Grant Program
July 24, 2023  |  SMBs

PayPal Holdings has announced the return of the Venmo Small Business Grant. This second iteration of the grant program will provide 20 small businesses with financial grants...

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Senators Demand Answers From Venmo and Cash App on Fraud
Senators Demand Answers From Venmo and Cash App on Fraud
June 16, 2023  |  Security & Fraud

A quartet of Senate Democrats want Venmo and Cash App to offer better fraud protection. The four senators — Sherrod Brown of Ohio, Elizabeth Warren...

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Venmo Debuts Digital Account and Debit Card Aimed at Teens
Venmo Debuts Digital Account and Debit Card Aimed at Teens
May 22, 2023  |  Payment Methods

The quest to tap into teen spending took a step forward with the launch of the Venmo Teen Account, which also comes with a Venmo...

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PayPal Buy Now, Pay Later Grabs $6B of Payment Volumes, Up 70%
PayPal Buy Now, Pay Later Grabs $6B of Payment Volumes, Up 70%
May 08, 2023  |  Earnings

PayPal’s latest earnings results show users are transacting more often, and buy now, pay later is increasingly embraced at checkout. The company’s earnings materials show...

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