Venmo Could be Headed Towards Monetization Soon

Venmo currently accounts for about 39 percent of PayPal’s digital p2p payments business; PayPal and Venmo only charge users a fee when they use their credit cards, though Venmo has started to diversify their offerings to help PayPal’s bottom line; Venmo has expanded Pay with Venmo and started a instant cashout service which both have fees associated with them; they have seen fast adoption with both and the hopes are that a breakthrough year is coming soon. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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