You Can Now Use Venmo to Pay Your Tuition, Travel Costs — Market Talk

What happened

Venmo reported total payment volumes of $96.81 billion in its third quarter, up 14% from a year earlier. PayPal's Jamie Miller said this was the eighth straight quarter of double-digit growth and that Venmo is expanding where consumers can pay, including travel and college tuition.

Confirmed

Global impact / market context

More Venmo payment volume means more money moving through PayPal's app, which can support revenue tied to transactions. Wider uses like tuition and travel make Venmo useful for larger, recurring payments, which can deepen customer habits and keep users active on the platform.

Analyst inference

PayPal is working to grow Venmo beyond person-to-person transfers into everyday and big-ticket payments. The article points to record debit card activations and near-doubling of users combining the card with pay-with-Venmo, suggesting the strategy is gaining traction among newer accounts.

Analyst inference

What to watch

1. Watch whether Venmo's payment volume keeps growing at a double-digit pace after eight consecutive quarters, because slower growth would weaken the trend PayPal is highlighting to analysts. Confirmed
2. PayPal could keep adding merchant categories beyond travel and college tuition, so watch for announced expansions that would let Venmo handle more types of payments and larger amounts. Proposed
3. Track debit card activation and combined card-plus-pay-with-Venmo usage, since near-doubling in that group suggests deeper engagement that can support transaction revenue and customer retention. Analyst inference

Evidence

• Original source link unavailable