PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. million U.S.

Zelle

FICO

DECEMBER 19, 2017

This year, in the spirit of efficiency, I’m combining both predictions and resolutions by forecasting that in 2018, my wallet is going to go on a diet; it will definitely become slimmer as physical (plastic) credit cards are replaced with payment apps on my smart phone. My Predictions for 2018. Follow me on Twitter @FraudBird.

Chip Cards

PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. Services like PayPal, Venmo and Apple Pay have simplified the transfer of funds and become quite commonplace. Historically, cash was king.

Verification

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

Zelle

PYMNTS

JULY 17, 2018

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, the shape of the ongoing competition between Zelle and Venmo. Last year, Zelle reported $75 billion of volume growing at 36 percent versus Venmo’s $34.6 Will Zelle Pass Venmo?

Zelle

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. On Tuesday (Oct. million U.S.

Zelle

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 Overall, eMarketer says that users of peer-to-peer (P2P) mobile payment products will rise 30 percent in 2018 to encompass 82.5 The firm is projecting that Zelle will reach 27.4

Zelle

PYMNTS

JANUARY 30, 2020

“In 2020, we’re looking to grow our investments based on our recent acquisitions, building new infrastructure in China and other international markets, continuing work on monetizing Venmo and [expanding] our focus on our in-store initiatives,” said Schulman of PayPal’s areas of keenest interest for the next year. billion payment transactions.

PayPal

PYMNTS

FEBRUARY 12, 2019

Ninety-five percent of these retailers offered plan options, for instance, in Q4 2018. Nine in 10 of the top performers — or 90 percent — offered mobile optimization in Q4 2018. In December, it was reported that Hulu and Venmo teamed up to provide the latter company’s digital payment services to the Hulu streaming platform.

Venmo

PYMNTS

MAY 13, 2019

Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ). Venmo, meanwhile, stood out as one of the best bits of news from PayPal’s Q1 earnings. Anyone with a bank account and debit card can use Venmo, a likely factor in its P2P reach.

P2P

PYMNTS

FEBRUARY 28, 2019

Consumers have been trained – by Venmo and other P2P payments providers in the U.S. Data: $19 billion: The value of payments processed by Venmo in Q4 2018. $17 and around the world – to expect to be able to send and receive funds easily and quickly. Hence their disappointment when the experience is neither quick nor easy.

Venmo

PYMNTS

APRIL 24, 2019

Zelle also had a fortuitous fourth quarter , along with Venmo. In Q4, Venmo posted an 80 percent spike in transaction volume, hitting $19 billion in the fourth quarter of 2018, according to PayPal’s most recent financial earnings release.

Zelle

PYMNTS

JANUARY 31, 2019

PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. billion during the final quarter of 2018, slightly below analysts’ estimates of $4.24 For the year, nearly $62 billion changed hands on the Venmo platform. PayPal posted $4.23

Venmo

PYMNTS

JUNE 24, 2019

The last time bitcoin got close was about a year ago in May 2018 — but it never managed to quite close the gap. But while team crypto was celebrating this week, team Venmo was dealing with a new headache. Venmo the Victim of a Public Service Scraping. PayPal did not return a request for comment on this latest report.

Venmo

CB Insights

AUGUST 2, 2018

See the investment trends, top deals, and active investors in Q2 2018. Below, we breakdown how six non-bank fintechs — Square, Venmo, PayPal, Acorns, SoFi, and Stash — are creating new digital products and their strategies for enticing customers to sign up. get the 86-page fintech report. How the products work.

Debit Card

PYMNTS

JULY 19, 2020

The company has been able to glean information via software from well-known platforms like Venmo or CashApp , court documents show, under the pretense of helping customers access easy online banking. The payments giant also participated in a funding round in 2018 that helped value Plaid at $2.6 billion, PYMNTS reported.

Privacy

PYMNTS

JANUARY 4, 2018

The early reviews are rolling in: While they are largely positive, there’s also a building consensus that Apple still has much work to do, since the space it’s trying to break into is home to Venmo — PayPal’s well-established and very popular P2P payments service — and Zelle, the bank-backed alternative that rolled out last year.

Push-to-Card

PYMNTS

JANUARY 18, 2019

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. Venmo already offers a comparable service and is popular with their user base.

Zelle

PYMNTS

JUNE 22, 2020

The company has been affiliated in some measure with Coinbase for years, including Coinbase’s 2018 change to allow fiat withdrawals for U.S. customers using PayPal. European and Canadian Coinbase users gained the option to withdraw to PayPal last year.

PayPal

PYMNTS

JULY 10, 2019

OPay was founded in 2018 and serves as a mobile platform for sending and receiving payments. In addition to OPay’s $50 million round, Nigeria’s current digital payment leader Paga raised $10 million in 2018 and reaches 13 million customers. The popularity of mobile payments apps has grown significantly in recent years.

Mobile Payments

PYMNTS

JUNE 12, 2019

And OTT services are offering consumers new ways to pay: In December, for instance, news surfaced that Hulu and Venmo linked up to provide Venmo’s payment services to the streaming platform. Those who have an account with Venmo will be able to sign up for a new account at Hulu without entering credit card information.

Venmo

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

PayPal

PYMNTS

AUGUST 10, 2020

trillion in 2018, marking a $10.25 Direct deposit is the most popular among consumers at 47 percent, with PayPal, Venmo and Zelle — all of which take little to no effort from customers to receive payments — collectively accounting for 27 percent. The Federal Reserve recently estimated that there were 174.2 trillion rise from 2015.

Direct Deposit

PYMNTS

APRIL 17, 2019

Uber also introduced Venmo as a payment option in 2018, after noticing that six million payments in the popular app were marked “Uber” in the previous year. Uber noted Venmo was a popular service for friends who wanted to split the cost of a meal or a ride. Apple Pay is a direct competitor to both PayPal and Venmo.

Venmo

PYMNTS

DECEMBER 2, 2020

Founded in 2018 and launched in October, the all-in-one banking app has a half-million users and is geared toward teenagers and young adults to help them gain financial independence. Participating tech investors included executives from Facebook, Square, Venmo, Visa and others. million in a June Series A funding round led by Stripe.

Financial Literacy

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments

PYMNTS

AUGUST 16, 2018

However, the move is seen as a way to take on Venmo, which is owned by PayPal and already offers the capability. 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 Zelle is backed by Bank of America, JPMorgan Chase and other banks.

Zelle

PYMNTS

APRIL 26, 2018

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious plans for future growth. By the Numbers. Merchant accounts now top 19 million.

PayPal

PYMNTS

FEBRUARY 14, 2018

Looking ahead, cross-border transactions should show growth in 2018, said management, while U.S. Overall, though, the company expects stable pricing in 2018. And he noted that zero fee offerings, such as Zelle and Venmo, have been making inroads in this arena.

Cross-Border

The Paypers

JUNE 15, 2018

(The Paypers) eMarketer has revealed that Zelle will overtake Venmo in peer-to-peer (P2P) mobile payments in the US in 2018.

Zelle

PYMNTS

AUGUST 12, 2020

Separately, in 2018, well before the pandemic, PYMNTS’ Financial Invisibles report found that 12 percent of a sample of consumers used payday loans and did not have credit cards. Cash App, which competes head-to-head with PayPal’s Venmo, was the key factor that drove Square’s profitability in Q2. Last week, Square reported $1.92

CashApp

PYMNTS

MARCH 18, 2019

P2P app Venmo was born out of that argument, changing how friends, family members, co-workers and acquaintances split bills and loaned money. Now, a decade after its launch, Venmo is sharing the P2P stage with other players, Early Warning Services’ Zelle being the most notable among them.

P2P

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. Venmo – PayPal’s P2P payment services also logged a particularly strong Q3 – Venmo’s total payment volume spiked 78 percent and reached $17 billion.

PayPal

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. That’s not all.

P2P

PYMNTS

MAY 1, 2018

Growth from markets that do not include major cities fueled Grubhub ’s revenue growth in the first quarter of 2018, an increase that beat analyst expectations. But the online food delivery service’s food sales and active daily orders came up short of estimates, causing its stock price to decline on Tuesday (May 1).

Venmo

PYMNTS

JANUARY 13, 2020

In a 2018 funding round, Plaid had a valuation of about $2.65 The potential for the acquisition is promising, as it could see the creation of a platform that would let people’s money travel between bank accounts using Visa in much the same way that competing services like Venmo and Zelle operate.

Wire Transfer

PYMNTS

AUGUST 1, 2019

The company likened its collection offering to a “Venmo-like B2B payment and collections process” for corporates and their financial professionals, to support healthier cash flow and improve the customer experience.

Blockchain