Venmo and PayPal users will finally be able to send money to each other

TechCrunch
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Venmo and PayPal will enable users to send money to each other starting in November, enhancing compatibility between the two platforms.
Venmo and PayPal users will finally be able to send money to each other
Why it matters
In a significant update, Venmo has revealed that it will allow users to send money to PayPal users starting in November. This feature addresses a longstanding issue where users had to rely on complicated workarounds to transfer funds between the two platforms. Venmo users will be discoverable by PayPal users through their phone numbers and, eventually, their email addresses. Users concerned about privacy can adjust their settings in the Venmo app. This integration is part of PayPal's broader initiative, named PayPal World, which aims to enhance its payment network and facilitate international transactions without barriers. With a combined user base of 2 billion globally, this update is expected to streamline digital payments significantly.
TOPICS

Finance & Banking Fintech & Payments

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