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Visa Logo on New Venmo Card; More Breaches in 2019; ‘Is Cash Still King?’
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Visa Will Be the Network for the New Venmo Card As PayPal Gets Set for Growth in China
News emerged Wednesday from PayPal Holdings Inc.’s earnings call that Visa Inc. will serve as the network for a Venmo credit card PayPal announced in October. This development follows by one week PayPal’s announcement that it has struck a deal with UnionPay, China’s payment card giant, to integrate UnionPay cards …
Read More »Mastercard Volume up 20%; Synchrony Eyes Venmo’s Social Aspect; Uber Money Debuts
Synchrony Looks to Venmo’s Social Network To Help Market the P2P Service’s New Credit Card
PayPal Holdings Inc. and Synchrony Financial have been sparing about the details of a new credit card they plan to issue for PayPal’s Venmo peer-to-peer payment service, but on Monday a top Synchrony executive said the partners are counting on a key characteristic of Venmo to help market the new card. …
Read More »Venmo Credit Card Coming; Zelle Popular for Rent Payments; Galileo Lands $77 Million in Funding
How a New Credit Card From Synchrony Could Help Boost Revenue for PayPal’s Venmo
PayPal Holdings Inc. has made no secret of its push to generate revenue from its highly popular—but free—Venmo peer-to-peer payment service. Its latest gambit came to light early Thursday with the news that long-time finance partner Synchrony Financial will issue a Venmo credit card for the U.S. market starting the …
Read More »Venmo Leverages Instant Transfers As It Digs for Revenue
With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon (more on this in “The New Reality in Real-Time Payments,” this issue). But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal last month …
Read More »Venmo’s Instant-Transfer Gambit; Apple’s Student ID Expansion; Repay Debuts Instant Funding in Canada
Venmo’s Latest Instant-Transfer Gambit Leverages Faster Payments As It Digs for Revenue
With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …
Read More »PayPal Has 40 Million Reasons to Solve Its Venmo Puzzle
There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent years. Still, in spite of all the attention it gets, Venmo had always kept one thing secret: how many active users it has. Late in April, PayPal lifted the veil. …
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