With the launch this week of PayPal Open, Keller, who is executive vice president for the enterprise merchant group, and his team are consolidating many of the company’s offerings — Braintree, Zettle,

PayPal Holdings Inc (NASDAQ: PYPL) chief executive Alex Chriss says Venmo will be generating more than $2.0 billion in annual revenue by 2027. He made the forecast at the company’s investor event on Tuesday.

Venmo (PYPL) has come a long way since it was created in 2009 by two University of Pennsylvania students trying to split their frozen yogurt tab.

PayPal is going all in on PYUSD this year, expanding its stablecoin across multiple products to tighten its grip on crypto payments and business transactions.

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount to you — and to the IRS.

Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

So mobile payments stock PayPal (PYPL) has some very ambitious targets for Venmo in 2027. In fact, PayPal wants to get Venmo up to the $2

A year ago, Venmo, the well-known mobile payments app that lets users send and receive money, operated separately from other divisions at PayPal, said Alex Chriss, president and CEO. Venmo’s go-to-market team was located in a different building, on a different floor from other teams, Chriss told a room filled with about 100 analysts and investors.

Nearly one in four Zelle spenders—roughly 23 million people—sent a payment to a small business in the last three months of 2024.

PayPal says Venmo will be generating $2 billion in revenue by 2027. Its chief executive Alex Chriss explained how at an investor event today.

Quarterly results from Block, Affirm and PayPal show that the major U.S. fintechs are converging as they all try to become the go-to digital bank.