Post Tagged with: "P2P payments"

Dwolla to Exit Consumer Space, Focus on API Offerings

Dwolla to Exit Consumer Space, Focus on API Offerings

by November 11, 2016 at 1:50 pm 1 comment

Dwolla, one of the elder statesmen of the fintech startup world, announced today it will leave the consumer space and focus on its offerings for businesses. The change will take place soon — Dec. 7. As the Des Moines, Iowa-based company put it in a blogpost: Dwolla is no longerRead More

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

by November 10, 2016 at 5:05 pm 1 comment

PayPal is joining the platform party on iOS. In September, Venmo — along with Circle, neobank Monzo, and Square Cash — took advantage of the platformization of Siri and iMessage and tied their services into the voice and text-based mediums. Today, PayPal added the ability to send and receive moneyRead More

Facebook Launches Craigslist-like MarketPlace (But with Less Fraud?)

Facebook Launches Craigslist-like MarketPlace (But with Less Fraud?)

by October 3, 2016 at 12:10 pm 1 comment

As you might have seen, the second your eyes opened this morning (I’m assuming like the rest of the population that your phone is already in your hands when this happens, if for no other reason than shutting off your alarm), Facebook has just today launched its own peer-to-peer, ecommerceRead More

Top Fintech Raises: InstaMed, Kyriba, Lydia, BigchainDB, Remitly

Top Fintech Raises: InstaMed, Kyriba, Lydia, BigchainDB, Remitly

by October 3, 2016 at 10:35 am 1 comment

While there weren’t any mega rounds this past week, the funding for fintech is still trickling in—also Beyoncé became a tech investor, so maybe she needs a payment company; keep hope alive—and investors are still putting their money into the different areas of the industry, like specialized payment platforms, blockchain,Read More

Why Do People Use Venmo? Check the Emojis.

Why Do People Use Venmo? Check the Emojis.

by September 28, 2016 at 3:46 pm 0 comments

The classic use case for peer-to-peer payments is splitting a check — it’s straightforward, easy to understand, and the people doing it are young and having fun (probably). But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $300, rather expensive for a dinner bill.Read More

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

by September 14, 2016 at 10:18 am 0 comments

It shouldn’t be a surprise to see Credit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the iOS side. PayPal’s P2P service app is on aRead More

Venmo Will Soon Be Larger Than Any Bank P2P Service

Venmo Will Soon Be Larger Than Any Bank P2P Service

by August 1, 2016 at 12:38 pm 9 comments

July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great. Specifically, Venmo processed $4 billion in transactions in Q2, compared with $3.2 billion the quarter previous. This isRead More

Citi Appears to Be Pursuing Deal with Square Cash

Citi Appears to Be Pursuing Deal with Square Cash

by June 29, 2016 at 10:51 am 6 comments

Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. Square Cash was launched by Square in 2013 for P2P payments. The service is available in the U.S., and for both personal orRead More

Pay With Venmo App Service Live For ‘Select Users’

Pay With Venmo App Service Live For ‘Select Users’

by May 17, 2016 at 5:47 pm 3 comments

It’s not just P2P anymore. Venmo’s in-app payment feature is live, and select “lucky users” can already use Pay with Venmo in participating iOS apps, the company announced in an email today. We’ve emailed everyone who can start using Venmo to pay in select apps. Didn’t get an email? Right now we’reRead More

Coolest Brands 2016: VenmoIf You Don’t Venmo, You’re So Old

Coolest Brands 2016: Venmo

If You Don’t Venmo, You’re So Old

by February 16, 2016 at 8:44 am 2 comments

When you borrow money from someone, how do you say you’ll pay it back (even if you don’t mean it)? There is a “Venmo line” — Paypal CEO Dan Schulman placed it around age 30 — which divides those who Venmo (verb) and those who do not. Why is Venmo,Read More