Payments News » Venmo

Uber And Uber Eats Now Let You Split The Bill Using Venmo

July 12 2018

in
P2P
Uber
Venmo

“A key factor in this latest partnership appears to be data suggesting Venmo was already a popular mechanism for sharing payments between multiple Uber riders. Someone would pay for an Uber ride through their account, as usual, and then request reimbursement from their friends through Venmo. According to the company, more than 6 million Venmo […]

Companies

Venmo Officially Launches Its Own Mastercard-branded Debit Card

June 25 2018

“Venmo today is officially introducing its own debit card in partnership with Mastercard, following beta tests of a Visa-branded debit card last year. The new card will allow Venmo users to pay anywhere Mastercard is accepted in the U.S., and will record transactions to the user’s Venmo account for easy splitting with friends. It can also […]

Companies

Venmo Is Discontinuing Web Support For Payments And More

June 15 2018

in
Venmo

“The decision represents a notable shift in product direction for Venmo. Though best known as a mobile payments app, the service has also been available online, similar to PayPal, for many years. The Venmo website today allows users to sign in and view their various transaction feeds, including public transactions, those from friends, and personal […]

Companies

Zelle Forecast To Overtake Venmo This Year

June 15 2018

“Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to grow more than 73 percent in 2018, to reach 27.4 million users in the U.S., ahead of Venmo’s 22.9 million. Square Cash will trail with 9.5 million users. […]

Companies

PayPal’s Venmo App Exposes Most Transactions Via Its API

July 18 2018

in
Venmo

“The vast majority of Venmo transactions are being logged in a public API accessible to anyone, according to the recent investigation of a privacy advocate. The reason this happens is because the Venmo app’s default settings are set to “Public” for all users. Unless users specifically change this value, all the transactions they make via […]

Companies

Venmo Continues To Shine For PayPal

July 26 2018

“PayPal continues to see success with Venmo as the mobile person-to-person app accounted for more than $14 billion in total payment volume in the second quarter that ended June 30, according to PayPal’s latest quarterly statement. Venmo overall has processed more than $46 billion of total payment volume over the past twelve months, according to the […]

Companies

Venmo Considers Making It Harder to See What Other People Are Buying

August 27 2018

“In recent weeks, executives at PayPal Holdings Inc., the parent company of Venmo, were weighing whether to remove the option to post and view public transactions, said a person familiar with the deliberations. It’s unclear if those discussions are still ongoing, and regardless of the outcome, payments between friends would still be visible on the home […]

Companies

Why Millennial Favorite Venmo Is Paypal’s Key to Future Success

August 10 2018

“The possibilities are endless for Venmo, as it can be a payment option in any industry that has straightforward exchanges of money. Uber and Abercrombie & Fitch ANF are just two examples of Millennial-loved companies that Venmo has recently partnered with. These moves are part of a larger “Pay with Venmo” initiative, a long-term strategy to monetize Venmo. PayPal’s latest quarterly […]

Companies

Drug Deals and Breakups: Venmo Social Feed Rankles Privacy Advocates

August 8 2018

in
Venmo

“While the ability to send money easily gets consumers to download Venmo, it is the social-media feed that keeps many people opening the app multiple times a week.”

Companies

Venmo quarterly payment volume

August 28 2018

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