Payments Dive

NOVEMBER 24, 2020

Mobile Payments Today interviewed Holler's CMO, Sarah Aitken on a unique partnering with Stella Artois and Venmo to support the James Beard's Foundation for restaurants and businesses, #OpenForGood.

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Venmo Mobile Payments Payments 146

Payments Source

JANUARY 30, 2020

PayPal reported strong growth in revenues, earnings, payments volume and users, demonstrating as the company has finally transitioned away from the vestiges of its former eBay ownership.

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PayPal Venmo Mobile Payments Volume 100

Payments Source

JULY 18, 2019

Ever since PayPal took control of Venmo as part of its 2013 purchase of Braintree, it has woven Venmo into more and more of its products. Even other acquisitions aren't immune to the spread of Venmo.

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Venmo PayPal Product Mobile Payments 87

PYMNTS

NOVEMBER 2, 2020

Total payment volume rose 36 percent to $247 billion, beating analyst estimates for $232 billion. PayPal is now reporting a run rate of approximately $1 trillion dollars in payment volume. Venmo also reported its best quarter ever in terms of payment volume — reporting a 61 percent year-on-year TPV increase to $44 billion.

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Venmo PayPal BNPL Volume 105

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. However, an estimate from late last year projected that Venmo would have 22.9

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Venmo P2P Zelle PayPal 71

PYMNTS

SEPTEMBER 12, 2017

Venmo is testing out a free debit card for select users that is linked to their accounts. They will receive a free Venmo debit card that is attached to their Venmo account. Users can pay with the card in stores, online or as a mobile payment, and the money will be debited from their Venmo balance.

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Debit Card Venmo Online and Mobile Banking Participant 63

PYMNTS

JULY 29, 2020

And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In In the midst of the COVID-19 pandemic, digital payments have become more important and essential than ever,” CEO and President Dan Schulman said in announcing the results.

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Venmo PayPal Direct Deposit Adjustments 84

Stax

NOVEMBER 6, 2023

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

Payments Source

JULY 16, 2018

On the surface, the Uber-Venmo partnership sounds like a coup for Venmo, getting its brand into the app that defined the ride-sharing category. But the partnership is a much bigger deal for Uber.

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Venmo Mobile Payments Payments 61

PYMNTS

AUGUST 8, 2017

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 new feature is aimed at easing the person-to-person (P2P) payments process, making it easier for users to add connections to the list of people they pay — or who pay them.

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Venmo P2P Mobile Payments Payments 46

FICO

SEPTEMBER 22, 2016

I’ll spend some time in a future post talking about using those phones for different types of financial-related communications, but today I wanted to focus on mobile payments. If millennials love and have phones, and trust them to conduct banking transactions, how do they feel about using them for mobile payments?

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Mobile Payments Venmo Online and Mobile Banking Payments 64

Payments Source

JANUARY 31, 2019

Venmo is not a moneymaker for PayPal yet, but that's not stopping the online and mobile payments giant from dreaming big about where its P2P service is headed.

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Venmo PayPal P2P Mobile Payments 62

PYMNTS

JULY 10, 2019

African payments startup OPay has raised $50 million in funding after investors such as Sequoia China, IDG Capital and Source Code Capital joined in the latest round, according to a report. 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.

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Mobile Payments Payments Venmo Non-Bank 70

Payments Source

APRIL 11, 2016

For many banks, the increasing popularity of mobile payment platforms such as Venmo and Apple Pay, among millennials in particular, should be cause for concern.

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Venmo Mobile Payments Payments Acquirers 62

PYMNTS

DECEMBER 16, 2019

In one example, PNC Bank clients stated that they were unable to connect accounts to Venmo , the payment service owned by PayPal. We’ve made some security enhancements which may be causing difficulty when attempting to link your PNC acct with Venmo. The tug of war represents the delicate data dance. Banks hold the data.

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Venmo Zelle Blocks End User 69

Payments Dive

FEBRUARY 23, 2016

Some users now have the ability to pay for event tickets on Gamete and gourmet meal delivery on Munchery.

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Venmo Mobile Payments Payments 68

Payments Source

OCTOBER 26, 2018

Shopify is no stranger to social media — it’s had a partnership with Facebook for three years — and it sees Venmo users' social sharing habits as the perfect means to expand its mobile commerce platform.

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Venmo PayPal Mobile Payments Payments 68

PYMNTS

FEBRUARY 24, 2020

Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. The new service may give adults a new reason to sign up for Venmo and could get them more savings in Venmo debit accounts. It would also allow parents to set spending limits in a new way.

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Debit Card Venmo PayPal Accounts 61

FICO

DECEMBER 4, 2017

Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.

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Mobile Payments Zelle Online and Mobile Banking ATM 64

PYMNTS

MAY 17, 2018

Barron’s , citing a research report issued this week by Nomura Instinet, reported that monthly downloads of Square Cash are happening at a faster clip than PayPal’s Venmo mobile payment service. Since the beginning of 2016, Square Cash downloads are reportedly up 128 percent, compared to 74 percent for Venmo.

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Venmo PayPal Debit Card Bitcoin 54

Payments Source

OCTOBER 29, 2019

PayPal is adding rewards to its Venmo credit card in a way that seems to echo Apple's strategy with Apple Card.

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Venmo Credit Cards PayPal Mobile Payments 63

Payments Source

JUNE 15, 2018

As competition from the bank-powered Zelle mounts, the popular social P2P app Venmo is phasing out support for online payments in favor of its mobile app.

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Zelle Venmo P2P Payments 63

Payments Source

JUNE 25, 2018

Despite a reputation for being the go-to P2P app of digital natives, Venmo is once again pushing its market in the opposite direction with the debut of a plastic card.

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Venmo Push-to-Card P2P Mobile Payments 62

Payments Source

JULY 12, 2018

The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.

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Venmo Payments Mobile Payments 64

PYMNTS

JULY 28, 2020

That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. But as usage patterns shifted dramatically, something was equally visible on the Venmo platform.

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Venmo PayPal Direct Deposit P2P 104

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.

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Zelle Venmo P2P PayPal 58

Payments Source

FEBRUARY 22, 2017

When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.

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Venmo Zelle Payments Faster Payments 60

PYMNTS

APRIL 17, 2018

To offer customers more convenient payment options, Grubhub is adding Venmo to its platform. Customers purchasing food on Grubhub, Seamless or Eat24 mobile apps will be able to pay for their orders with their Venmo balances, linked bank accounts or debit cards. cities and London.

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Venmo Online and Mobile Banking Debit Card Payments 49

FICO

JULY 22, 2016

As a payments professional with a sweet tooth, the name is as good as it gets: CakePay , the mobile payment app rolled out by The Cheesecake Factory a few months ago. It’s kind of like built-in Venmo and a calculator, combined. Payment apps boost operational efficiencies. Waking up to smell the coffee.

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Mobile Payments Push-to-Card Payments Checks 72

Payments Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

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P2P Venmo FinTech Digital Payments 119

PYMNTS

APRIL 24, 2019

Payments app Venmo reached 40 million users at the end of Q1. This is the first time parent company PayPal has revealed any user numbers for the app, with its Q1 earnings report showing that the total payments volume for Venmo grew 73 percent year over year to reach $21 billion.

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Venmo Volume PayPal Debit Card 53

Payment Savvy

JUNE 12, 2023

Venmo, the hugely popular payment app used by millions of people around the world, has earned a reputation for convenience, ease of use, and speed, in the competitive space of digital payments. There are several reasons why a ‘Venmo payment declined’ issue might exist. Why Is Your Venmo Transaction Being Declined?

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Venmo Payments Payer Card Issuer 52

Payments Source

OCTOBER 17, 2017

PayPal's latest move to promote Venmo for retail payments may be the company's clearest admission of the limitations of the PayPal brand.

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Venmo PayPal Retail Payments Payments 60

Payments Source

OCTOBER 30, 2017

The bank-powered P-to-P app Zelle officially launched in June with a mostly consistent brand across all of its bank partners, but it still struggles with awareness over PayPal's Venmo, which doesn't share its advantage of living inside banks' mobile apps.

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Zelle Venmo PayPal Mobile Payments 60

Fintech Finance

JANUARY 26, 2024

Introducing the Next Generation of Venmo Business Profiles Venmo introduced business profiles in 2021 to provide an affordable and easy way for businesses to accept payments and grow their business and has grown to a community of more than 90 million active accounts. For more information, visit here.

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Venmo PayPal Innovation AI 59

PYMNTS

FEBRUARY 20, 2019

He also said that PayPal’s mobile payment service Venmo — still focused on its partnership model — and digital payment peers are unlikely to be negatively affected by weak holiday sales and a global macro-economic slowdown. What we see is pretty positive.”.

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PayPal Digital Payments Venmo Zelle 87

Payments Source

OCTOBER 15, 2019

American Express is adding a new dimension to its year-old partnership with PayPal by giving credit card customers more options for splitting a restaurant check and paying with loyalty points.

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PayPal Venmo Credit Cards Checks 109