Similar Stories to Paypal Still Expects To Monetize Venmo The Old-fashioned Way on Bing News

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).

BING NEWS:
  • PayPal's transformation emphasizes Venmo, cross-border opportunities
    Touting strong first-quarter sales and revenue growth, CEO Alex Chriss committed to rebuilding the firm's languishing Xoom cross-border unit and driving more Pay with Venmo options.
    04/30/2024 - 8:23 am | View Link
  • PayPal Vs. Venmo 2024: Which One Is Best For You?
    Leeron is a New York-based writer with experience covering technology and politics. Her work has appeared in publications such as Quartz, the Village Voice, Gothamist, and Slate. With over a ...
    04/27/2024 - 1:28 am | View Link
  • 1099-K IRS Tax Delay: What Last Minute Filers Who Use PayPal and Venmo Need to Know
    If you received any freelance income this year through PayPal, Venmo, Cash App or Zelle, you might be confused about what the 1099-K changes mean for your current tax return. This story is part of ...
    04/12/2024 - 5:01 pm | View Link
  • How To Use PayPal And Venmo With iPhone Tap To Pay
    There are a number of digital payment services businesses use, but two of the biggest are PayPal and its subsidiary app Venmo. Both are designed to make the transfer and collection of payments ...
    04/6/2024 - 12:41 am | View Link
  • Venmo vs. Paypal: How These Payment Apps Stack Up
    Fortunately, the Redford, Michigan, resident had a Venmo account. "I gave them my name to search," Damuth explains. Shoppers then sent money via the payment app for a cashless purchase.
    09/17/2021 - 9:41 pm | View Link
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