Post Tagged with: "Xoom"

PayPal Partners Up to Fuel 3Q Growth

PayPal Partners Up to Fuel 3Q Growth

by October 21, 2016 at 10:23 am 1 comment

PayPal continued steady growth this quarter, reaching 192 million active users and 30 transactions per user. It also recorded $87 billion on 1.5 billion total transactions. Venmo accounted for $4.9 billion of that, and mobile accounted for approximately 30% of PayPal’s total transactions. That 192 million, by the way, counts 177Read More

Add Western Union to List of PayPal Foes with Paybybank [VIDEO]

Add Western Union to List of PayPal Foes with Paybybank [VIDEO]

by June 7, 2016 at 12:30 pm 0 comments

Add another name to the host of competitors facing PayPal: a European service called Paybybank. Paybybank offers a digital checkout service that links directly to a shopper’s bank account, prioritizing security over speed and convenience. The service is described as new in a video released yesterday, but seems to have been available inRead More

PayPal’s ‘Best Quarter Ever’ Credited to Venmo

PayPal’s ‘Best Quarter Ever’ Credited to Venmo

by April 28, 2016 at 10:51 am 6 comments

PayPal Holdings Inc. reported total payments volume of $81 billion for the quarter, up 29% from a year ago. Its newer services – Venmo and Xoom – were at the center of it all. Venmo processed nearly $3.2 billion in payments this quarter, up 150% YoY, proving once again thatRead More

Top 20 Finance Apps: After Black Friday, Mobile Payments Everywhere

Top 20 Finance Apps: After Black Friday, Mobile Payments Everywhere

by November 30, 2015 at 12:38 pm 0 comments

How did mobile payments do on Black Friday? To look at the Top 20 free financial apps for the two dominant smartphone platforms, you’d think everyone was using mobile payments to do their holiday shopping. On Google Play, the Android Pay app continued its steady climb up the rankings toRead More

Top 20 Finance Apps: Xoom Zooms In

Top 20 Finance Apps: Xoom Zooms In

by August 6, 2015 at 10:27 am 1 comment

The top spots in both iOS and Andoird Finance apps remained the same since my last post: Chase Mobile is No. 1 in the iOS store, while Credit Karma is No. 1 in Google Play. The No. 2 spots also remained the same, with Bank of America in the iOS StoreRead More

PayPal Rides Venmo as It Heads Toward IPO

PayPal Rides Venmo as It Heads Toward IPO

by July 17, 2015 at 11:59 am 1 comment

On Monday, PayPal will once again be an independent company. And as it gears up for its big day, the social person-to-person payments service Venmo is the best thing PayPal has going for it. While PayPal grew a modest 27% in transactions last quarter, Venmo is growing nearly 10 times asRead More

PayPal IPO and the coming consolidation in Daily Fintech Index

by July 16, 2015 at 11:49 pm 1 comment

You lose one, then you gain one. The Daily Fintech Index has lost Xoom (acquired July 7) and gained PayPal (who acquired XOOM) via their “IPO”. I put “IPO” in quotes because this is a spin off and searches for PayPal IPO bring up the original one in 2002. LendingClubRead More

Is Xoom Worth $890 Million?

Is Xoom Worth $890 Million?

by July 2, 2015 at 11:51 am 2 comments

Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More

Value Payment Systems is the Top Financial Services Company in the Inc. 5000

Value Payment Systems is the Top Financial Services Company in the Inc. 5000

by September 5, 2013 at 10:28 am 0 comments

Value Payment Systems, a Nashville, Tenn.-based e-payments company, topped all financial services companies in Inc.com’s 2013 survey of the 5000 fastest growing companies in the United States. It was ranked #7 overall. The company posted a three-year growth figure of 17,400% — not too shabby — and annual revenue ofRead More