🎉 USA🇺🇸: users of the P2P payment app Venmo will be able to send and receive money with PayPal users in 90 countries

🎉 USA🇺🇸: users of the P2P payment app Venmo will be able to send and receive money with PayPal users in 90 countries

It is noteworthy that PayPal acquired Venmo in 2013, and the integration is being launched only now.

🔺 U.S. users will be able to send money abroad using only a phone number. The number must be located within the application, after which the amount in USD is entered, a message is added, and the transaction is completed.

🔺 Features:

👉 Transparency for the sender: before completing the transaction, users are shown clear information on exchange rates and applicable fees.

👉 Transparency for the recipient: ecipients can also view conversion details, along with the sender’s information on Venmo and the final amount in local currency.

👉 Venmo has waived its international transfer fee for several months.

🔺 Context: a survey conducted for Venmo among 2,000 U.S. adults showed that 41% send money or gifts to friends and relatives abroad; moreover, 42% of Gen Z respondents do so at least once per month. Among Americans who have traveled or lived abroad in the past three years, 77% expressed a preference for using the same payment app they use domestically, with the highest preference among millennials (88%).

#news #world_wide #USA #p2p

🏦 Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% on FTD