Article
| Jun 14, 2024
Forecasts
| Apr 10, 2023
Source: EMARKETER Forecast
Forecasts
| Apr 10, 2023
Source: EMARKETER Forecast
Venmo is using new features to retain users and spend. Venmo will maintain relatively stable user growth. We forecast that 72.4 million US consumers will use Venmo this year, a 7.2% YoY increase. It will gradually expand its share of smartphone users from 29.1% this year to 32.5% by 2028. Click here to view the full forecast for Venmo users. But Venmo is losing share of P2P transaction value.
Report
| May 28, 2024
Venmo.
Report
| Jun 4, 2024
Venmo. Visa. Western Union. Wise. Zelle.
Report
| Apr 26, 2024
PYUSD can be used to make transfers for free between the PayPal and Venmo apps. Users can also send PYUSD to compatible external wallets for a fee. In March, it began offering fee-free remittances via Xoom using the stablecoin. Our take: PayPal is betting on the future of stablecoins and wants to be a frontrunner when the asset takes off.
Article
| Aug 9, 2024
So far this year, 83% of US adults have been scammed or targeted by fraudsters on payment apps like Venmo, PayPal, and Zelle, per Security.org. This is a sharp increase from the 68% who said they were scammed last year and the 48% in 2022. The bigger picture: While ID verification can help protect users, it also adds friction to the payments process.
Article
| Aug 23, 2024
That’s why PayPal, Venmo, Cash App, Apple Pay, Google Pay, and Samsung Pay are quickly introducing novel features—or quickly copying ones from competitors. The pace of commerce management feature innovation is reaching a frenzy. Six months ago, we identified four emerging features that digital wallets could add to centralize purchasing within consumers’ wallets of choice:.
Article
| Jul 8, 2024
That’s why PayPal, Venmo, Cash App, Apple Pay, Google Pay, and Samsung Pay are quickly introducing novel features—or quickly copying ones from competitors. The pace of commerce management feature innovation is reaching a frenzy. Six months ago, we identified four emerging features that digital wallets could add to centralize purchasing within consumers’ wallets of choice:.
Report
| Jul 2, 2024
Cards also help online payment brands like PayPal, Block, and Venmo make in-store inroads. Affirm users can even upload virtual cards into Apple Pay and Google Pay to pay in-store—a workaround for when Affirm is not accepted at checkout. Payment providers can help improve the payer experience in ecommerce—and especially mcommerce.
Report
| May 17, 2024
Why it’s important: Mobile P2P payment providers like Venmo and Cash App will need to find new ways to boost growth if P2P payments have found a limit. They could shift their marketing to focus on other products in their mobile wallets, like their point-of-sale payments and buy now, pay later services.
Article
| May 17, 2024
Article
| Nov 7, 2022
Cards also help online payment brands like PayPal, Block, and Venmo make in-store inroads. Affirm users can even upload virtual cards into Apple Pay and Google Pay to pay in-store—a workaround for when Affirm is not accepted at checkout.
Article
| May 20, 2024
Venmo is the dominant P2P payment app in the US, with 52.2% of all P2P mobile payment users in 2022.
Article
| Sep 8, 2022
It launched crypto transfers between Venmo users and through external wallets and exchanges.
Article
| May 4, 2023
On today's episode, we discuss why Zelle (and person-to-person payment apps) are in hot water, which service most Americans use, and how we'll be paying for things in 2026. "In Other News," we talk about the current state of the cryptocurrency crash and the impact Apple Pay Later will have on the buy now, pay later space. Tune in to the discussion with our analysts Jaime Toplin and Adriana Nunez.
Audio
| Jun 21, 2022
Visa+ will connect Venmo and PayPal before expanding to other wallets. Here's what it means for P2P apps.
Article
| Apr 12, 2023
While it’s late to a game dominated by Apple Pay, PayPal, and Venmo, Paze will quickly build a foundation that poses a threat. Onboarding is backed by bank issuers. Paze can access over 150 million consumer credit and debit cards held by the seven banks that own it.
Report
| Jan 5, 2024
And for reward redemption, the brand recognizes member feedback with options including cash payouts via Venmo or PayPal and gift cards from Amazon, Target, Walmart, and Visa. Consumers seek a smoother path to rewards and expanded options for redemption.
Report
| May 15, 2024
Chart
| Jul 1, 2023
Source: Insider Intelligence | eMarketer
Venmo.
Report
| Sep 20, 2023
Venmo offers a debit card with Mastercard that lets customers use their Venmo balance as a de facto checking account. It also added accounts for 13- to 17-year-olds—giving it a head start on solidifying financial relationships with younger customers. Venmo more than doubled its user base from 2019 to 2023. Apple Savings passed $10 billion in deposits in August, just four months post-launch.
Report
| Sep 6, 2023
Their digital fluency means they prioritize a good app experience that includes popular payment methods like Venmo, PayPal, and Apple Pay. Educate Gen Zers about the purpose of insurance. Only 26% of Gen Zers have functional knowledge about the value of insurance, per a January 2023 TIAA Institute survey.
Report
| Apr 18, 2024
What’s more, PayPal will automatically opt in PayPal and Venmo users to the FMN, while Chase users must actively choose to opt in. Strengths. The scale of PayPal’s transaction data is unmatched: It will boast over 217 million core users by next year, per our forecast. It’s also granular, with SKU-level data from its 35 million merchant relationships.
Report
| Jul 10, 2024