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

TechCrunch
TechCrunch
3M ago
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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
A What happened
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.

Key insights

  • 1

    User Convenience: The integration simplifies money transfers between two major platforms.

  • 2

    Privacy Settings: Users can manage their visibility to PayPal users through app settings.

  • 3

    Global Reach: The update supports international transactions, enhancing user experience.

Takeaways

This integration marks a significant step in improving digital payment interoperability.

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