Venmo continue to shine for PayPal (PYPL)
|07/31/2017||Posted by BusinessMediaguide.Com under General World News||
Venmo, PayPal’s stand-alone peer-to-peer (P2P) payment offering, posted another exceptional quarter, according to its earnings results.
The service’s users made $8 billion in transactions in Q2, which marks a 103% annual growth rate and represents Venmo’s 16th consecutive quarter of triple-digit growth.
Venmo is an exceptional growth driver for PayPal, but that doesn’t come without drawbacks.