Visa Direct Is The Engine Behind Zelle and Venmo
#Visa and Mastercard offer real-time payments using debit card rails? Is this a solution staring us in the face?
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Lenmo, the Venmo for Lenders, Set to Launch for IOS
Whether it’s a consumer lender like Goldman Sachs’s Marcus or a point-of-sale lender like Affirm or even SMB #lenders like BlueVine, there is a lot of perceived opportunity in the lending market. Add a P2P dimension to that, and you have #Lenmo. The new app is launching in the next few weeks in Apple’s app store, […]
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Zelle’s Enemy Is Not Venmo — It’s Cash
#Banks are backing Zelle in the P2P arms race, but it’s not other digital payments that are the #enemy — it&8217;s #cash and a lack of innovation. So says Mark Ranta, head of digital banking solutions at ACI Worldwide, a company that works with 18 of the Top 20 global banks. “At the end of the day […]
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Transaction Volume for PayPal’s Venmo Surges
#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 […]
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Venmo Follows Apple Pay with Uber Integration
PayPal-owned #Venmo today announced it inked a partnership with #Uber that lets its users pay the ride share company through their Venmo accounts. #Apple Pay has had this feature with Uber for over a year. The Venmo feature is not available yet. It will be rolled out to Uber and Uber Eats customers over the […]
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Google Pay Inches Toward Venmo and Zelle with Bill-Splitting, Other New Features
#Google Pay took another step closer to P2P rivals #Venmo, #Zelle, and Square Cash by introducing a bill-sharing and splitting service today. The new feature, one among several, arrived as Google combined its P2P app (Google Pay Send, which is no more) with Google Pay, its general payments app. Google has shuffled its payments apps several […]
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Venmo Announces It Will Remove Payment Functionality from Website
Social payments platform #Venmo is phasing out certain #functionality on its #website, venmo.com, including allowing people to make payments there. Wait, what? “Over time you may see less functionality on the website – this is just the start….venmo.com website may be limited,” Venmo notified some of its customers through email today. The change might seem [&8230;]
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PayPal Focuses On Venmo, Not Cryptocurrency
EXCLUSIVE – Payments company #PayPal might not see immediate value in #cryptocurrency, but it’s continuing to see more value in its P2P payments service #Venmo, according to the company’s Q1 earnings call yesterday. On the subject of cryptocurrency, Dan Schulman, company CEO said during the call: We’ve experimented with Coinbase and others in terms of […]
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Battle of P2P Services: Venmo or Zelle
EXCLUSIVE – Owe someone money, rent to pay, bills to split? What is the favored P2P method – the bank-backed #Zelle app? Or social platform p2p service, #Venmo? In a poll conducted by Bank Innovation via Twitter, respondents said they preferred Venmo. Among those surveyed, 57% said they prefer using the PayPal owned Venmo to […]
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Most Venmo Users Have Never Heard of Zelle
Killing #Venmo is going to be hard for #Zelle when #most Venmo #users have #never even #heard of the new P2P service. More than 93% of Venmo users reported that they had never heard of Zelle, according to a study commissioned by LendEDU conducted in July 2017. Additionally, over half of the respondents surveyed — […]
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