Venmo drives PayPal's mobile payment growth as the fintech sector heats up, with Apple mobile wallets posing a threat to PayPal's core business.

The entities involved

• PayPal →

  American worldwide online payments system

  • Musk serves as CEO of SpaceX, and investors are comparing SpaceX's potential gains to Tesla's past performance.Mon 07:39
  • Bryan Johnson sold his mobile-payment business, Braintree, to financial-technology firm PayPal.Mon 03:49
• Venmo →

  mobile payment service owned by PayPal

  • PayPal is a San Jose-based company, and its peer-to-peer service Venmo is linked to a Mastercard debit card.Sun 15:49
  • Deloitte's fastest-growing software company, coala association e.V., is attracting investment from firms connected to eBay and Venmo, including Chipotle and Cava.Sun 04:18
• Apple Inc. →

  American multinational technology company based in Cupertino, California

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22

Related events

• Venmo's faster growth is driving lower transaction take rates, coinciding with a deep stock drawdown caused by FED tightening.Sep 2
• New integrations allow tuition payments to be made using the PayPal and Venmo mobile payment services.Aug 19
• Customers are given the option to use either Venmo or PayPal for making payments.Aug 19
• PayPal and Venmo announced an integration for campus payments, a partnership welcomed by the Big Ten Commissioner.Jun 8
• Scammers are exploiting vulnerabilities in mobile payment apps, including Venmo and Cash App.Sep 3