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)

How The Pandemic Is Accelerating P2P, Mobile Wallet Personalization Among Online Shoppers
How The Pandemic Is Accelerating P2P, Mobile Wallet Personalization Among Online Shoppers
March 29, 2021  |  Next-Gen Debit

Consumers are still shopping online in greater numbers during the pandemic, even as brick-and-mortar stores reopen. More customers are also tapping peer-to-peer (P2P) apps or...

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Retailers Tap Debit-Linked Mobile Wallets To Keep Consumers Engaged
Retailers Tap Debit-Linked Mobile Wallets To Keep Consumers Engaged
March 26, 2021  |  Next-Gen Debit

Consumers continue to tap online channels more often to make retail transactions, interact with their financial institutions (FIs) or pay their bills during the pandemic....

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Venmo Makes Business Profiles Available For SMBs
Venmo Makes Business Profiles Available For SMBs
February 24, 2021  |  SMBs

Venmo has made business profiles available to the public, according to a company blog. The company, which announced the idea last year, has now rolled...

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Selz, Credit Unions, Crypto Exchanges Top This Week’s News
Selz, Credit Unions, Crypto Exchanges Top This Week’s News
February 19, 2021  |  The Weekender

In this week’s news, we saw Amazon snapping up Selz in addition to new insight on crypto exchanges and credit unions (CUs). The Weekender is...

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Venmo Expands General Availability Of Credit Card
Venmo Expands General Availability Of Credit Card
February 16, 2021  |  Payment Methods

Venmo is introducing a Visa-powered credit card released in conjunction with Synchrony, the company said in a blog post on Tuesday (Feb. 16).  The Venmo...

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Biden’s CFPB Focuses On Debt Collection As Early Priority
Biden’s CFPB Focuses On Debt Collection As Early Priority
February 08, 2021  |  CFPB

Every new presidential administration gets to make its imprint on regulations — and by extension, the financial services industry. In the midst of grappling with...

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PayPal Cooperating With CFPB On Venmo Investigation
PayPal Cooperating With CFPB On Venmo Investigation
February 05, 2021  |  Digital Payments

PayPal Holdings said Friday (Feb. 5) its payments app Venmo was being investigated over allegations of unauthorized fund transfers and collections processes. The company told...

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PayPal Hits 377 Million Active Accounts In 2020; Q4 PayPal Credit TPV Hits $750 Million
PayPal Hits 377 Million Active Accounts In 2020; Q4 PayPal Credit TPV Hits $750 Million
February 03, 2021  |  Earnings

PayPal posted fourth-quarter results Wednesday (Feb. 3) that showed continued tailwinds under the rise of digital, and, specifically, contactless payments. Total payments volume stood at...

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Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
Deep Dive: How P2P Payment App Providers Can Tackle Rising Fraud
January 25, 2021  |  Faster Payments

More consumers are turning to digital methods to pay friends and retailers during the global health crisis. Shoppers are looking to avoid exchanging cash and...

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