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Global Fintech Series

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Venmo Unleashes Next Phase of Commerce with the Venmo Debit Card and Venmo Checkout

  • Venmo announced accelerated expansion of its commerce capabilities introducing benefits for customers to use their Venmo balance for everyday purchases and earning enhanced rewards with the Venmo Debit Mastercard.
  • Venmo's revenue grew 20% year-over-year with increased usage for Pay with Venmo and monthly active accounts up by 30%.
  • Venmo has introduced new cash back offers with its debit card for brands like Sephora, Walmart, Lyft, McDonald’s, and Walgreens, and added features like Tap-to-Pay and international usage.
  • Venmo has expanded its presence for in-app and online payments at various brands and launched a brand campaign featuring Aimee Lou Wood and Patrick Schwarzenegger to promote the Venmo Debit Card and checkout with Venmo.

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