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
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
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 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
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
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 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 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 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
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 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
PayPal (NASDAQ:PYPL) reported earnings today and according to the company after an initial dip, utilization and user growth is booming. In fact, PayPal says they are signing up around 250,000 customers a day as it becomes an “essential service.” 7.4 million customers were activated during… Read More
Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More
Payments platform giant PayPal (NASDAQ: PYPL) announced on Thursday it has extended its strategic consumer credit partnership with Synchrony (NYSE: SYF). PayPal reported that through the collaboration, Synchrony will become the exclusive issuer of a Venmo co-branded consumer credit card in the U.S., which is… Read More
Faster payments and electronic transfers is a hot sector of Fintech. For quite some time, traditional banks sat on the sidelines watching Fintechs push into their business. Today, they are stepping things up but questions remain as to whether or not old finance has the… Read More
Popular money transfer service Venmo is polishing its money movement cred today. In a blog post, Venmo claims it will transfer your money in “minutes.” Venmo states: “This may sound familiar- and it is. Last year we launched Instant Transfer via debit card, allowing users… Read More
Mobile payments is one of the hottest sectors in Fintech. Venmo and Square/CashApp have battled for years over the hearts and minds of millennials, with CashApp recently declaring victory– thanks in part, some say, to its pioneering incorporation of Bitcoin trading into the app. In May,… Read More
A German designer and coder has revealed that payment app (and PayPal subsidiary) Venmo has been publishing the intimate purchase details, profile pics and personal messages of users online- everything from lovers’ quarrel texts to drug deal texts to junk food purchases and purchase locations-… Read More
PayPal’s P2P payments app Venmo announced on Monday the launch of its Venmo debit card. According to Venmo the new debit card will allow users to spend their Venmo balance in more places because the card can be used everywhere Mastercard is accepted in the U.S…. Read More
Zelle, the erstwhile Venmo killer, is the creation of a cabal of traditional banks. As of this month, 86 million mobile banking customers will be able to utilize the peer to peer payments platform to send money via mobil banking apps. The list of the… Read More
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