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)

PayPal Q1: Venmo Users Hit 40M, Payments Volume Dips
PayPal Q1: Venmo Users Hit 40M, Payments Volume Dips
April 25, 2019  |  Earnings

Venmo took center stage during PayPal’s Q1 2019 earnings report as PayPal CEO Dan Schulman released user numbers for the first time: 40 million active monthly...

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PayPal Q1 Payments Volume Dips, Venmo User Base Grows
PayPal Q1 Payments Volume Dips, Venmo User Base Grows
April 24, 2019  |  Earnings

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...

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Zelle Processes $39B In Q1
Zelle Processes $39B In Q1
April 24, 2019  |  Digital Payments

Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the company said in...

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PayPal Eyes Credit To Monetize Venmo
PayPal Eyes Credit To Monetize Venmo
April 21, 2019  |  Digital Payments

Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. According to a report...

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Uber Eats Now Supports Apple Pay
Uber Eats Now Supports Apple Pay
April 17, 2019  |  Payment Methods

Uber announced on Wednesday (April 17) that it is adding Apple Pay to its popular Uber Eats app, according to reports. Customers who want to...

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Deep Dive: Where Disbursements Fall Short
Deep Dive: Where Disbursements Fall Short
April 12, 2019  |  Disbursements

P2P services like Venmo and Zelle enable users to quickly transfer funds via their smartphones, and the speed and convenience they offer could be creating...

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Will Disbursements Put Payday Cycles Out To Pasture?
Will Disbursements Put Payday Cycles Out To Pasture?
April 09, 2019  |  Disbursements

The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also...

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Venmo Pursues Customers With Negative Balances
Venmo Pursues Customers With Negative Balances
March 25, 2019  |  Payment Methods

Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to a report in...

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SchoolsFirst Federal Credit Union’s Lesson In P2P Security
SchoolsFirst Federal Credit Union’s Lesson In P2P Security
March 18, 2019  |  Security & Fraud

Usage of Zelle surged in 2018, with $119 billion exchanged in P2P transfers on the platform. That volume has attracted fraudsters eagerly trying to cash...

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