PYMNTS

JANUARY 27, 2017

PayPal met analyst expectations as it reported its Q4 2016 earnings yesterday (Jan 26) — while adding active uses and increasing payments volume. The solid performance caps off a particularly active year for PayPal — its first full 365 day term as a fully independent entity. billion in payments, up 126 percent from Q4 2016.

PayPal

PYMNTS

DECEMBER 22, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Gazelle. Some observers might remember 2016 as the year that new, faster payment technologies truly began to take hold.

Same Day ACH

PYMNTS

MAY 16, 2018

PayPal is partnering with Alpha JWC , the Indonesian venture capital firm, to invest in FinTech companies operating out of Southeast Asia. Bloomberg , citing Jerry Tso, general manager for PayPal Singapore Development Center, reported that under the partnership, Alpha JWC will provide as high as $5 million to the PayPal Incubator.

PayPal

Clearly Payments

AUGUST 24, 2024

In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. As of 2023, over 79% of debit card transactions in the United Kingdom were contactless, compared to just 7% in 2016. In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year.

Debit Card

PYMNTS

APRIL 26, 2019

PayPal Eyes Credit to Monetize Venmo. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Venmo is one of the FinTechs that have been able to garner widespread adoption. The aim is to announce the launch of the credit card in 2019.

Bitcoin

PYMNTS

JULY 22, 2016

But PayPal managed it pretty handily – because by all reasonable measures the second quarter of Q2 2016 was a very good time to be PayPal. Last quarter PayPal managed to slightly edge beat the Street’s expectations of $2.6 This deal has the potential to be transformative for PayPal, Visa and the industry.”.

PayPal

FICO

SEPTEMBER 22, 2016

As millennials flock to peer-to-peer mobile payments, Venmo has seen explosive growth. The quarterly payment volume processed by Venmo grew 154% last year from $1.26B in Q1 2015 to $3.2B in Q1 2016. When we interviewed millennials , they talked about Venmo and the ease of use. This sentiment shouldn’t be surprising.

Mobile Payments

PYMNTS

SEPTEMBER 9, 2016

Over the last few years, PayPal has had the weird privilege of reading its own obituary an unusually large number of times — a somewhat surprising development given that the firm has been growing consistently for almost two decades. But the only crushing going on, it appears, is what PayPal has been doing with the analysts each quarter.

PayPal

PYMNTS

JULY 10, 2019

China has been hands-off with African startups and corporations in the past, the report noted, but the acquisition of OPay parent company Opera in 2016 by Chinese investor and current CEO Yahui Zhou provided a new opportunity to Chinese venture capital firms looking to invest in African tech.

Mobile Payments

PYMNTS

NOVEMBER 13, 2018

The move allows PayU’s merchants to accept Google Pay for transactions, and builds on an earlier effort in 2016 in which Google partnered with PayU to implement the solution, then known as Android Pay. Shopify , meanwhile, forged a new alliance with Venmo.

Online and Mobile Banking

PYMNTS

NOVEMBER 14, 2018

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Venmo

FICO

DECEMBER 14, 2016

And while I was correct that 2016 did turn out to be the year of bad analytics —see the ultimate illustration below—this year I’m doing something different: I’m predicting what won’t happen in the coming 12 months. The past year perhaps held no analytic surprise greater than the 2016 US Presidential election. Source: New York Times.

EMV

FICO

DECEMBER 4, 2017

As the proud winner of my local fantasy league’s 2016 trophy (pictured above), I’m keenly focused on gearing up for my 2017 playoff run. Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Peer-to-peer payments made with PayPal’s Venmo app more than doubled to $8 billion, year over year.

Mobile Payments

PYMNTS

OCTOBER 16, 2020

Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

Zelle

PYMNTS

SEPTEMBER 19, 2016

Challenging competitors, such as Venmo and Square, a model called contextual commerce allows payment transactions to occur while users are engaged in online conversations or content, similar to the model used by Tencent Holdings and the WeChat messaging app. Companies must use either Stripe or PayPal to process payments.

Payments

PYMNTS

NOVEMBER 4, 2019

Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion. Venmo was up 64 percent year on year, said management. PayPal CEO Daniel Schulman said Venmo could see as much as $400 million in annualized revenue. Other Signs of Popularity.

P2P

Stax

NOVEMBER 6, 2023

Google was a little late to the party, but it also followed with its method called Google Pay in 2016. Leveraging Peer-to-Peer Payments One trend gaining traction with mobile payments is the use of applications such as PayPal and Venmo for more than peer payments.

Mobile Payments

PYMNTS

JULY 21, 2017

These mobile payment technology companies include the likes of PayPal, Venmo, LevelUp, Square, Google Wallet and more. Earlier this year, PayPal announced its plans to be folded up into Google’s Android Pay, while PayPal saw a revenue of $2.98 billion at the end of 2016 and processed $102 billion in payments.

Contactless Payments

PYMNTS

MAY 4, 2017

billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. It’s [through] that awkwardness of money that Venmo is uniquely positioned to break down those walls,” Vaughan said.

Faster Payments

PYMNTS

FEBRUARY 1, 2018

But for all that was familiar, there was one very big, very different and very surprising change that overshadowed PayPal’s strong performance. PayPal and eBay are breaking-up — for real, this time. PayPal CEO Dan Schulman told investors on PayPal’s quarterly earnings call that the move was not only “manageable,” but long-expected.

PayPal

PYMNTS

MAY 2, 2016

Venmo may have managed to get itself into some trouble with the FTC – though how much, what for exactly and how worried parent company PayPal should be worried are a bit up in the air. Venmo’s FTC Troubles(?). The week started so well for Venmo and PayPal. Need to know a bit more? Good news for you.

Legal

CB Insights

DECEMBER 10, 2020

For example, stock trading app Robinhood’s commission-free approach to investing has forced incumbents to follow suit, while products like Venmo and Cash App have disrupted peer-to-peer payments. . Venmo , owned by PayPal, and Cash App , owned by Square, offer P2P payments as their primary offerings.

Credit Cards

Fintech Labs Insights

FEBRUARY 17, 2016

If there was ever a question if Venmo has achieved mainstream status, today’s news has the answer. The startup, which is owned by online payments processing company Braintree (which PayPal purchased for $800 million in 2013 ) just exceeded $1 billion in payments processed in the month of January; the highest volume in a single month.

Venmo

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). The second most popular app, Venmo, was used by 14% of consumers in 2020. “Do you Zelle?”

Real Time Payments

PYMNTS

JUNE 15, 2018

With Zelle projected to overtake Venmo , eMarketer expects the payment service to grow more than 73 percent this year. more than Venmo’s 22.9 According to news from TechCrunch , Zelle said it processed more than 247 million payments last year, which marks a 45 percent jump from 2016. million users in the U.S.

Zelle

PYMNTS

AUGUST 10, 2018

Venmo , the PayPal-owned P2P payment app engaged in increasing competition with Zelle , is facing privacy troubles of its own. Venmo users must send messages with their payments, which are visible on a public newsfeed by default — though those settings can be changed. billion in 2016, according to BIS Research.

Privacy

PYMNTS

APRIL 22, 2016

PayPal has had a pretty busy 2016. And while the first four months of the year in general have been active — particularly as PayPal has worked to distinguish itself as a standalone entity after spending over a decade as the payments arm of eBay — the last week has seen announcements coming left and right out of PayPal HQ in San Jose.

PayPal

PYMNTS

JULY 22, 2016

Later that day, Visa and PayPal announced a partnership of epic proportions that will, among other things, mitigate the fear that PayPal will ever again steer Visa cardholders to ACH debit payments. The announcement yesterday made it clear where PayPal and Visa now stand – and that’s now on the same side of the field.

PayPal

Fintech Labs Insights

JULY 22, 2016

Launched in 1998, PayPal is no stranger to fintech. This week’s news may change that perspective, though not all PayPal shareholders were enamored with the deal, as the stock fell 7% today. PayPal will work with issuers to identify consumers who choose to migrate existing ACH payment flows to their Visa cards.

PayPal

PYMNTS

OCTOBER 14, 2016

This has led FedEx to add more than 20 forms of payment, including PayPal and even bitcoin, to appeal to the varied payment preferences of international shoppers. The 2016 holiday season post-game report is just a couple of months away. …………….

Cross-Border

FICO

MARCH 27, 2017

Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. In today’s era of Venmo and SnapCash (and soon Zelle), three-day P2P transfers just don’t cut it. Today could be that day. Are banks truly ready for same-day ACH?

Same Day ACH

Fintech Labs Insights

SEPTEMBER 6, 2016

Just over a month after PayPal signed a partnership with Visa , the online money transfer company has inked a deal with Mastercard. The terms of today’s agreement with Mastercard are similar to those PayPal laid out with Visa: Mastercard will be clearly presented as a payment option within the PayPal app.

PayPal

Clearly Payments

MARCH 18, 2024

A study by PayPal found that 77% of Gen Z and Millennials use credit cards for budgeting and rewards, but they’re also careful about not accumulating too much debt. A report by Juniper Research predicts that by 2024, there will be 4.6 billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack.

Credit Cards

PYMNTS

JUNE 30, 2016

Today marks the last day of June 2016, which means we’re halfway through the year. And it’s bringing it to the Olympics for the Visa-sponsored athletes to use at the Rio 2016 Olympic Games. PayPal’s Consumer Support. According to the report, here’s how PayPal stacks up. million users in 2016.

Online and Mobile Banking

CB Insights

DECEMBER 4, 2019

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). Although Bill Me Later was quickly scooped up by PayPal in 2008, Amazon has remained focused on reducing payment friction for customers. Amazon Lending.

Online and Mobile Banking

Fintech Labs Insights

AUGUST 11, 2016

Finovate and FinDEVr alums Braintree , Finicity and Twilio won recognition at the API World Awards sponsored by API World 2016. Braintree demonstrated its payment solution Venmo Touch at FinovateSpring 2013 , and more recently has been a mainstay of our FinDEVr developer’s conferences on both east and west coasts.

API

PYMNTS

MAY 5, 2016

In addition to these NFC-enabled platforms, there is also the lot of P2P payments options — PayPal, Venmo and Square Cash among them — that allow for money to be sent to individuals, as well as retailers and other merchants. However, it’s the NFC players who have stolen the show.

Mobile Payments