#Venmo‘s payment #transaction volume reached an all-time high in 2Q this year, PayPal reported. According to yesterday’s earnings call, Venmo processed $ 14.2 billion in payment volume during the second quarter. This represents an enormous 78% YOY increase. Over a 12-month period, Venmo reported $ 46 billion in transaction volume. In the earnings call yesterday, PayPal CEO Dan […]
Bank Innovation
PayPal wants to be the world’s largest open payments #platform, according to CEO Dan Schulman. At the heart of this aspiration is #PayPal’s ongoing technological evolution, which also enables the payments giant to expand into #banking #services. “We are just beginning to scratch the surface of the opportunity in front of us,” Schulman said yesterday […]
Bank Innovation
EXCLUSIVE- In the spirit of credit cards aiming to woo users with rewards and benefits, PayPal is getting rid of #foreign #transaction #fees on its #Cashback #Mastercard. Bank Innovation has learned that starting this week, PayPal Cashback Mastercard users will no longer be charged the original foreign transaction fee of 3% the transaction amount. In […]
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#Square may have #Apple Pay, but PayPal is the one with access to the rest of Apple. PayPal will now be a payment option for users making online purchases in the Apple ecosystem (including purchases made in the App Store, iTunes, and Apple Music), the payments company announced today on its blog. The #partnership, which […]
Bank Innovation
#From new apps to surprising partnerships, PayPal has had another buzzing quarter. The payments giant ended the year with 197 million active customer accounts, adding 5.4 million new accounts last quarter. The holiday shopping season — the largest ever &8212; helped drive a 25% quarterly increase in payments volume, resultingRead More
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PayPal is partnering with financial #technology provider FIS and Citigroup in order to provide better, faster, stronger digital payments to all users involved—financial institutions, payment processors, and banking customers, it was announced today. “It’s great that our clients can now extend this capability to their customers through PayPal,” says DougRead More
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PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More
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