PayPal reports 40m Venmo P2P payments users

PayPal reports first quarter 2019 results — PayPal — “We now have 277 million customer accounts, including 22 million merchant accounts and over 40 million active Venmo accounts… Person-to-Person (P2P) volume grew 41% to $42bn, representing 26% of TPV. Venmo processed $21bn of TPV in the first quarter, growing 73%.”

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