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Venmo continue to shine for PayPal (PYPL)

Venmo Payment Volume and Growth

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Venmo, PayPal’s stand-alone peer-to-peer (P2P) payment offering, posted another exceptional quarter, according to its earnings results.

The service’s users made $8 billion in transactions in Q2, which marks a 103% annual growth rate and represents Venmo’s 16th consecutive quarter of triple-digit growth.

Venmo is an exceptional growth driver for PayPal, but that doesn’t come without drawbacks.

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