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

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PayPal and Venmo Add Chainlink and Solana to Cryptocurrency Offerings
PayPal and Venmo Add Chainlink and Solana to Cryptocurrency Offerings
April 04, 2025  |  Cryptocurrency

PayPal and Venmo users can now buy, hold, sell and transfer two more cryptocurrencies — Chainlink (LINK) and Solana (SOL) — directly in their accounts....

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PayPal Shares Slide as Transaction Growth Per Active Account Slows
PayPal Shares Slide as Transaction Growth Per Active Account Slows
February 04, 2025  |  Earnings

PayPal’s fourth-quarter earnings results showed slowing growth along several metrics, as well as continued traction in the company’s branded checkout initiatives. Total payment volumes were...

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Will Visa Deal Give X Money Momentum vs Neobanks?
Will Visa Deal Give X Money Momentum vs Neobanks?
January 28, 2025  |  Digital Payments

Elon Musk’s bid to make X into the “everything app” may have gotten a bit of a boost — where the newly-announced pact with Visa...

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FinTech Ad Spending Climbs 45% in Last 3 Years
FinTech Ad Spending Climbs 45% in Last 3 Years
January 05, 2025  |  Fintech Investments

FinTechs are reportedly boosting marketing in bigger cities to attract a wider customer base. In the last three years, ad spending by these companies has...

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Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
November 21, 2024  |  Regulation

The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the...

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PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
November 21, 2024  |  Technology

PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC...

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Hallmark Bridges Digital Gifting With Real-World Touches
Hallmark Bridges Digital Gifting With Real-World Touches
November 01, 2024  |  Gift Cards

As the holiday season approaches, the quest for the perfect gift intensifies. With consumers increasingly seeking personalized and convenient gifting solutions, Hallmark has introduced Gift...

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PayPal Reports BNPL Bounce, More Focus on Financial Services
PayPal Reports BNPL Bounce, More Focus on Financial Services
October 29, 2024  |  Earnings

With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer...

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Venmo Prepares to Roll Out Scheduled and Repeat Payments Feature
Venmo Prepares to Roll Out Scheduled and Repeat Payments Feature
October 02, 2024  |  Payment Methods

Venmo is reportedly giving users an easier way to make repeat or scheduled payments. The new feature would let customers schedule payments — or requests —...

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