Venmo's faster growth is driving lower transaction take rates, coinciding with a deep stock drawdown caused by FED tightening.

The entities involved

• 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
• 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
• FED →

  business

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16

Related events

• 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.Aug 29
• Customers are given the option to use either Venmo or PayPal for making payments.Aug 19
• Venmo and PayPal were used by the Rotary Club for transactions on September 11th.Sep 12
• New integrations allow tuition payments to be made using the PayPal and Venmo mobile payment services.Aug 19