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A few quarters ago, PayPal Holdings Inc.’s disclosures of its rapid Venmo volume growth came as somewhat of a mixed blessing, since the popular peer-to-peer payment service was a hefty source of losses for the company overall. Venmo still isn’t profitable, but the narrative around the service is starting to change. 
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Scoop.it!
Zelle, the peer-to-peer payments service, had a banner 2018 with $119 billion in payments on 433 mil
Vineet Anand's insight:
Zelle moves $119 billion in P2P payments with 433 million transaction! Venmo will likely hit $60 million, $17 million in Q3, and has been monitizing itself via supporting services. Is it time for a Fed driven Faster Payments solution for the industry??
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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PayPal reported 242 million consumer accounts; usage 37 times per year on average, up 9 percent; 21 million merchants - added 13.8 million new accounts in Q4, a 58 percent year-on-year increase. Goal for 2019 is to have 300 million active accounts.
eBay represents 10% of business since moving to Ayden
Venmo with $68 billion is losing ground to Zelle, however monetization will be key to move from expense to revenue generation with Venmo.