Tagged: venmo

Piper Sandler Gen Z Survey Reports Apple Pay as Top Payment App Beating Venmo

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Piper Sandler (NYSE: PIPR) has published its 43rd semi-annual Taking Stock With Teens survey which reviews trends and brand preferences from Gen Z (teens) across 44 U.S. states. The spring 2022 survey was conducted from February 16 to March 22 with the most responses from… Read More

Fintech Wise Explains Why their Payment Options Might Be Better than Other Service Providers

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If you’ve sent or received a payment from a friend or family member, you might have used either Zelle or Venmo to complete the transaction. These Fintech payment services enable consumers to send and receive local personal payments easily, with simply an email address or… Read More

Community Banks: Payments Service Chuck Looks to Emulate Zelle, Alloy Labs Aims to Provide More Digital Banking Services Going Forward

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Zelle is a peer-to-peer payments service that is now utilized by over 1000 banking apps across the US. As services like Venmo gained in popularity, traditional banks were compelled to compete and Zelle has emerged as a viable alternative for real-time transfers. Originally founded by… Read More

“Split Payments” Debuts on Facebook the Week of Dec. 6

Meta Sign Formerly Facebook

Facebook – Meta (NASDAQ:FB) announced today it will begin testing Split Payments on Messenger next week. They tout it as a method to improve the ability to split bills like dinners or rent. To begin, users should click “Get Started” in a group chat or… Read More

Amazon’s Visa UK Snub to Hammer #2 UK Credit Card Issuer Right in the Wallet

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Visa finds itself in the wrong place at the wrong time and that will hurt its business in the United Kingdom, GlobalData payments analyst Chris Dinga said in a research note today. As of Jan. 19, 2022, Amazon will no longer accept payments from Visa… Read More

Bitcoin, Bitcoin Cash, Ethereum, Litecoin Price Alerts Added to Venmo App

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As the Venmo team continues to grow and expand their cryptocurrency platform, they’re pleased to offer a new feature that will enable clients to set price alerts for digital currencies via the Venmo platform. This should help clients with tracking the price of the four… Read More

PayPal Payment Options to be Offered by ACI Worldwide, a Real-Time Virtual Payment Software Provider

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ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and related services, reveals that it will be working with PayPal in order to bring online wallet payment options to ACI’s biller customers including Monroe County Water Authority (MCWA). PayPal and Venmo will… Read More

Venmo to allow automated crypto purchases through credit cashbacks

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Users of Venmo, a mobile payments app owned by PayPal Inc, can now automatically buy cryptocurrencies through cashback earned from their Venmo credit cards. Venmo has launched this new feature that could boost crypto purchases among young users. However, unless users make regular and frequent… Read More

PayPal, Venmo Now Accepted at Giant Eagle, GetGo

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PayPal and Venmo are now accepted forms of payment at each of Giant Eagle’s 474 supermarket and GetGo locations, the chain announced today. With this announcement, Giant Eagle and GetGo become the first grocery and convenience store chains in the U.S. to offer customers the… Read More

P2P App Complaints Soar During Pandemic

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Details of an analysis revealed this week by the United States Public Interest Research Group USPIRG) show complaints about peer-to-peer payment apps have grown during the COVID-19 pandemic. Virtual Wallets, Real Complaints analyzed data from the Consumer Financial Protection Bureau’s (CFPB’s) Consumer Complaint Database. In… Read More

Point-of-Sale Fintech SoftTouch Announces Addition of Touch-Free PayPal & Venmo Payment Acceptance Capabilities

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  SoftTouch POS & Payments, a U.S.-based fintech that provides point-of-sale, payment gateway, payment processing and integration solution, announced on Monday it has enhanced its solution to include touch-free PayPal and Venmo payment acceptance capabilities. Founded in 2000, SoftTouch describes itself as a next-generation fintech company providing… Read More

Starting Today, Venmo Users Can Buy/Sell/Hold Crypto

Crypto on Venmo

Crypto on Venmo is launching today. PayPal’s peer-to-peer transfer platform will now allow Venmo’s 70+ million users to buy, hold, sell crypto within the app thus morphing Venmo into a crypto wallet. For retail uptake, this should be a boon for users as Venmo is… Read More

Venmo’s Credit Card is Now Available Straight From the Mobile App

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  Venmo announced on Tuesday its Venmo Credit Card is now available for all eligible Venmo customers to apply, straight from the Venmo app. As previously reported, the Venmo credit card is issued by Synchrony (NYSE: SYF) and powered by the Visa network, gives customers automatic… Read More

Mobile Payments App Venmo to Provide Merchants Ways to Reach Highly Social Millennials via its Social Feed, Rewards, Payouts

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The team at Venmo, a mobile payment service created by PayPal, notes that their platform began as a social peer-to-peer payments tool for friends and family members to split their meal or share an “unforgettable experience.” The Venmo team confirms that several years ago, they… Read More

PayPal’s Mobile Payment Service Venmo Launches Check Cashing Feature & Waives Fees For Stimulus Paper Checks

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  Venmo, a mobile payment service created by PayPal, announced on Monday the launch of its new check-cashing feature.  According to Venmo, Cash a Check enables the service’s community to access a “quick, easy, and secure” way to cash paper checks. The feature will also… Read More

Digital Wallets are Being Added at an Exponential Rate with PayPal’s Venmo and Square’s Cash App Onboarding Millions of Consumers: Report

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Digital or online wallets are adding new users at an exponential rate, according to a recent report from ARK Invest. The report revealed that PayPal’s Venmo and Square’s Cash App have managed to onboard around 60 million users organically in the past 10 and 7… Read More

Venmo Introduces First Ever Credit Card

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Venmo announced on Monday the launch of its first-ever credit card. The new card, which is issued by Synchrony (NYSE: SYF) and powered by the Visa network, gives customers automatic cash back on every eligible purchase, a personalized rewards experience, and the ability to manage the… Read More

PayPal & Venmo to Launch QR Code Touch-Free Payment Technology in CVS Stores

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  PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Thursday CVS Pharmacy will be the first national retailer to integrate PayPal and Venmo QR code technology in its checkout experience at all of its 8,200 standalone stores across the country. PayPal reported that using PayPal QR… Read More

Fintech Firm Vouchr’s Engagement Platform for Digital Money to Help Banks Make Transactions an “Out of Box” Experience

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There were around 40 million people that were using Venmo for payments, as of Q1 2019. That’s notably 40 million users who are using an external app and not their regular bank accounts to transfer funds. Traditional banks appear to have become a secondary option… Read More

PayPal & Venmo Reportedly Planning to Roll Out Cryptocurrency Buying/Selling Options

Cryptocurrency Wallet Bitcoin

PayPal and Venmo are planning to roll out cryptocurrency buying and selling options through their digital payment platforms, Coindesk reported on Monday. The media outlet revealed that although it is not confirmed which crypto will be offered, sources close to the project have stated they… Read More

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