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

Company logo
Company cover image
PayPal Rolls Out Checkout With Smart Payment Buttons
PayPal Rolls Out Checkout With Smart Payment Buttons
June 28, 2018  |  Payments Innovation

Today PayPal is launching Checkout with Smart Payment Buttons, the latest salvo in the firm’s ongoing war against checkout friction. Friction during the online checkout process...

READ MORE >
Venmo Launches Debit Cards
Venmo Launches Debit Cards
June 25, 2018  |  Digital Payments

Venmo is getting into cards. The peer-to-peer payment app owned by PayPal said Monday (June 25) that it has launched a Mastercard-branded debit card. The...

READ MORE >
Venmo To Phase Out Web Support
Venmo To Phase Out Web Support
June 18, 2018  |  Payment Methods

Venmo, the peer-to-peer payment app owned by PayPal, is gearing up to discontinue web support for its payment service. TechCrunch, citing an email to users,...

READ MORE >
Zelle Projected To Grow More Than 73 Percent In 2018
Zelle Projected To Grow More Than 73 Percent In 2018
June 15, 2018  |  Payment Methods

With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. The firm is projecting that Zelle...

READ MORE >
Mezu: What It Would Take To Replace Cash
Mezu: What It Would Take To Replace Cash
June 14, 2018  |  Payment Methods

When Yuval Brisker landed in Tel Aviv for a family function, he didn’t have time to stop at a bank and exchange money before hopping...

READ MORE >
Square App Is Closing In On PayPal’s Venmo
Square App Is Closing In On PayPal’s Venmo
May 17, 2018  |  Mobile Payments

Square may be closing in on PayPal a bit, with the company’s monthly downloads of the Square Cash app increasing at a faster rate. Barron’s,...

READ MORE >
Active Daily Orders Come Up Short For Grubhub In Q1
Active Daily Orders Come Up Short For Grubhub In Q1
May 01, 2018  |  Earnings

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....

READ MORE >
PayPal Reaffirms Its Commitment To Financial Inclusion
PayPal Reaffirms Its Commitment To Financial Inclusion
April 26, 2018  |  Earnings

There was a lot going on during PayPal’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst expectations nearly across...

READ MORE >
PayPal Adds 8M Active Users, Grows Mobile Volume 52 Percent 
PayPal Adds 8M Active Users, Grows Mobile Volume 52 Percent 
April 26, 2018  |  Earnings

“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...

READ MORE >