Payments Dive· Lynne Marek·· 3 hours agoAI score55
Venmo growth boosts PayPal’s third-quarter performance
Venmo results lift PayPal
AI brief
AI-assisted source summary · not independently verified. Content standards
Venmo’s transaction volume grew in the mid-teens in PayPal’s third quarter, helping the company’s overall payments volume grow 6% year over year. The number of Venmo debit card holders grew about 55% to 6.7 million monthly active accounts, with 1.6 million users using it for the first time this quarter.
Source:Payments Dive · paymentsdive.com