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    Venmo app

    News about Venmo app.

    PayPal’s mobile payments volume sees 55% increase in 2016

    January 30th, 2017

    Mobile payments accounted for a third of PayPal’s overall payment volume during the fourth quarter of 2016, the company’s CEO Dan Schulman has revealed, with the total volume of mobile payments increasing by 55% over the course of last year. More

    PayPal talks up in-store mobile payments and One Touch adoption

    October 25th, 2016

    In-store mobile payments have experienced a “long and difficult road” but the functionality is now starting to resonate with consumers, PayPal’s EVP and chief operating officer Bill Ready has told attendees during a keynote at Money20/20…. More

    PayPal to roll out NFC mobile payments across the US through Visa deal

    July 25th, 2016

    US consumers will soon be able to make NFC mobile payments using their PayPal mobile wallet at all physical locations across the country that currently accept Visa contactless transactions. More

    PayPal CEO announces NFC payments expansion

    April 29th, 2016

    Vodafone Wallet with PayPal NFC-enabled payments is now live in Spain and is expected to be made available across Europe throughout the “back half of 2016”, PayPal CEO Dan Schulman revealed during the company’s Q1 earnings call.  More

    58% of millennials prefer friends to pay cash

    March 3rd, 2016

    Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals. Of the 26% who chose P2P payment apps, 11% prefer PayPal, followed by Venmo (6%), Google Wallet (5%) and Square Cash (4%).

    Venmo adds TouchID

    November 18th, 2014

    Users of the Venmo mobile payment app can now sign in with Apple’s TouchID feature on the iPhone 5S, 6 and 6 Plus. “If you have a Apple device with TouchID, you can now use your fingerprint instead of a PIN to access the Venmo app,” the company says.