FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Pay With Venmo App Service Live For ‘Select Users’

Diana AsatryanbyDiana Asatryan
May 17, 2016
in Payments
Reading Time: 2 mins read
0
Share on Facebook

venmoIt’s not just P2P anymore.

Venmo’s in-app payment feature is live, and select “lucky users” can already use Pay with Venmo in participating iOS apps, the company announced in an email today.

We’ve emailed everyone who can start using Venmo to pay in select apps. Didn’t get an email? Right now we’re limiting availability, but stay tuned — we’re adding users regularly, and will let you know when you can start paying!

Sit tight, Venmo faithful. They’ll get to you.

Gametime, an app that provides last-minute event tickets, and food delivery service Munchery, are among the companies that have integrated Venmo payment method in their apps. PayPal One Touch has vastly broader reach. Users can now either set up preferences on the “Purchases” page of the Venmo app, or use the Venmo option straight from the partnering apps, the company said. The feature will also remember the purchase prices, do the splitting math, and send users reminders to “split.”

Bank Innovation first reported on the planned feature back in 2014. Pay with Venmo is similar to the existing Pay with Paypal feature, except it specifically targets the e-commerce market in the key 18-35 demographic. It apparently replaces the similar functionality of Venmo Touch.

PayPal’s Chief Executive Officer Daniel Schulman said last month during Paypal’s earnings call that Pay with Venmo is coming soon to the entire customer base:

We made good progress with our Pay with Venmo pilot. Early customer results and feedback have provided strong validation around the demand for Venmo as a way to pay in-app. This feedback has helped us to finetune our processes, procedures and value proposition. And we have now widened our pilot to include approximately 550,000 Venmo users. We are on track to expand to more merchants and open the service to our full Venmo customer base in the second half of this year.

It is still unclear what new merchants and apps will be using Venmo’s payment feature.

I wish I could pay my rent with VenMo.

— joanne (@rippleintime17) April 30, 2016

(Don’t we all?)

Additionally, users that are particularly proud of their Pay with Venmo purchases, can post those on the Venmo feed along with “favorite emojis,” the company said.

Here’s how the splitting payments feature looks.

http://bankinnov1.wpengine.com/wp-content/uploads/2016/05/Venmo.mp4

 

 

 

 

Tags: mobile paymentsP2P paymentsPay With VenmoPayPalsocial bankingVenmo
Previous Post

SigFig Scores a Robo Deal with UBS

Next Post

Investors on the fintech lending crash diet

Related Posts

RBC building in Toronto
Payments

Francisco to buy payments firm Moneris from RBC, BMO for $1.4B

August 11, 2026
Interior of a Cloudflare office building with signage
Payments

Nonhuman traffic surpasses human traffic on Cloudflare network

August 7, 2026
block cash app
Payments

Block ships more than 130 features in H1 2026, up 3X YoY because of AI

August 6, 2026
Next Post

Investors on the fintech lending crash diet

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account