Venmo

  • Venmo users can now shop online anywhere PayPal is accepted in the U.S.

    Venmo users can now shop online anywhere PayPal is accepted in the U.S.

    PayPal this morning announced its mobile payments service Venmo is now available at over 2 million online U.S retailers, allowing Venmo users to shop on the mobile web at almost everywhere PayPal is accepted today. This includes popular retailers like Lululemon, Forever21 and Foot Locker via the mobile web, the company says. As with PayPal, eligible purchases bought using Venmo online… Read More

  • Venmo is offering users an (ugly) physical debit card

    Venmo is offering users an (ugly) physical debit card

    After Square unveiled a free debit card that would be tied to their Square Cash App, it was only a matter of time until we saw Venmo do something similar. TechCrunch has learned that Venmo is inviting some users to a beta program where they’ll be sent a card for free that is attached to their Venmo account. Read More

  • Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

    Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. Read More

  • Crunch Report | SoftBank to invest in Uber or Lyft

    Softbank wants to invest in either Uber or Lyft, iPhone 8 might scan your face and QR codes come to Venmo and Faraday Future is getting a factory in Hanford, California. All this on Crunch Report! Read More

  • Venmo rolls out QR codes for user profiles in its mobile app

    Venmo rolls out QR codes for user profiles in its mobile app

    Venmo today rolled out a feature designed to make it easier to find friends within its mobile payments app, so you can add them to your connections list or get paid yourself. The feature, found under the new menu option “Scan Code,” is available now in both the iOS and Android version of the Venmo app. When tapped, it launches a new interface that allows you to either use the… Read More

  • Instant bank transfers are coming to PayPal and Venmo

    Instant bank transfers are coming to PayPal and Venmo

    PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes, instead of the day or so it typically takes when using PayPal… Read More

  • Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

    Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

    The U.S. banking industry’s answer to Venmo has now arrived. Starting this month, a new, person-to-person payments network called Zelle will roll out to the over 86 million mobile banking customers here in the U.S., promising a faster form of digital payments compared with apps like PayPal, Venmo, Square Cash, and others. Instead of transfers taking place overnight or after a couple of… Read More

  • PayPal shares up 7% after better-than-expected earnings

    PayPal shares up 7% after better-than-expected earnings

    PayPal, the payments company, posted first-quarter earnings results after the bell on Wednesday. After surpassing analyst estimates with an adjusted 44 cents per share, compared to the 41 cents that many were predicting, shares rose 7 percent in initial after-hours trading. Net income was $384 million, up 5 percent from last year. Read More

  • PayPal continues to see strong revenue growth

    PayPal continues to see strong revenue growth

    PayPal reported fourth quarter earnings after the bell on Thursday, and they were just what investors were expecting. The stock was flat in initial after-hours trading. Revenue came in at $2.98 billion, which is on par with analyst estimates and a 17% increase from last year. Adjusted earnings per share was 42 cents, which is also what Wall Street was forecasting. Total payment volume was… Read More

  • Innovation under the hood will rev the engines of a fintech revolution Crunch Network

    Innovation under the hood will rev the engines of a fintech revolution

    New consumer-facing financial applications are being built on top of old banking infrastructure, while other startups are going around financial infrastructure altogether. Together, they are unbundling the roles of banks and other financial incumbents. Read More

  • Verse banks $8.3M Series A to accelerate its p2p payments play in Europe

    Verse banks $8.3M Series A to accelerate its p2p payments play in Europe

    Another player in the packed p2p payments space is announcing an $8.3 million Series A funding round today. SF and Barcelona based Verse is gunning to be the Venmo of Europe — given Venmo hasn’t yet shown an inclination to expand its mobile social payments app outside the US. Read More

  • Zelle p2p payments push to compete with Venmo now has 19 US FI backers

    Zelle p2p payments push to compete with Venmo now has 19 US FI backers

    The US finance industry might finally be getting its ducks in order to compete with the likes of PayPal-owned social payments platform Venmo. Today bank network operator Early Warning announced it has 19 US financial institutions signed up to a forthcoming payments network called Zelle, due to launch in early 2017. Read More

  • The race to be the all-in-one app Crunch Network

    The race to be the all-in-one app

    There’s no denying that app fatigue is posing a challenge not just for new app discovery, but for new behavior discovery. So why don’t the most popular apps just enable the latest, greatest use cases and create an “open loop,” networking their existing apps? This article examines how the big players are campaigning to be the all-in-one app — and who stands a chance… Read More

  • A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

    A kid held up a sign with his Venmo ID on ESPN and thousands of people sent him money

    Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of those screaming college kids was Sam Crowder, a student who brilliantly decided to hold up a sign with his Venmo username asking his mom to send him beer money. Cue the Internet, and instead of… Read More

  • Developing a global financial architecture Crunch Network

    Developing a global financial architecture

    The movement of capital around the globe is of paramount importance to an increasingly globalized society. As companies, workers and jobs become more fluid across permeable borders, it will become increasingly necessary to move money freely without arduous costs or constraints. Yet no comprehensive solution exists today that resolves the issues damming the flow of capital across borders. Read More

  • Tilt dives into one-to-one payments

    Tilt dives into one-to-one payments

    Here’s a sentence you might not have expected to read: a service built around crowdfunding is building in a one-to-one payments option in what might be one of the most increasingly crowded spaces in the U.S. That’s what Tilt, an app geared toward crowdfunding events like parties or travel plans, is hoping will make its service even more sticky and a one-stop destination for… Read More

  • Navigating mobile content with app streaming Crunch Network

    Navigating mobile content with app streaming

    People are very comfortable streaming movies, TV, music, video games and more. However, the idea of streaming apps on mobile devices, for better or worse, has lagged far behind. Increasingly, however, people are becoming sick of downloading apps; they want content and services instantly. App streaming is relatively new, but has the potential to transform how we engage with mobile content. Read More

  • You can now use Venmo to pay for things inside other apps

    You can now use Venmo to pay for things inside other apps

    In January Venmo announced that users will soon be able to use Venmo to pay inside other apps, similar to how most e-commerce apps already offer PayPal or Apple Pay as payment options. And now (well, technically tomorrow) the feature is leaving beta and will be available to all Venmo users. The feature will make it easy for anyone with Venmo to quickly pay in other apps. Users will first… Read More

  • “Clean Diesel” agency spams Venmo customers for charity donations

    “Clean Diesel” agency spams Venmo customers for charity donations

    The WaterIsLife charity discovered a Venmo loophole, enabling it to blast its message to a thousand unsuspecting people earlier this week. By sending $0.01 to folks who were appearing in the Venmo feed, it was able to advertise the charity to hundreds of people. Their shitty marketing stunt kicks open the floodgate for yet another channel of spam coming at you from all sides. Yay. Read More

  • PayPal makes money every time you use Uber, Airbnb

    PayPal has been going through some big changes since separating from eBay last year. The company recently introduced a redesigned app and is now monetizing its popular peer-to-peer payments app, Venmo. Already with 18 million users, PayPal is expanding its One Touch checkout to 120 new countries. Read More