PayPal (NASDAQ: PYPL) has been very slow to monetize Venmo, its mobile-first peer-to-peer payments app. It's controlled the company for five years, and it's grown payments volume on the app to $46.4 billion on a trailing-12-month basis. But PayPal's revenue from that mountain of payments is still minuscule compared to its more mature flagship product.Interestingly, PayPal's original product started off with a similar business as Venmo (hence the name).
Paypal Still Expects To Monetize Venmo The Old-fashioned Way
newsfeedback@fool.com (Adam Levy), The Motley Fool
Tue, 09/18/2018 - 4:30pm
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