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Venmo’s Instant Cashout Option to Create Revenue for PayPal in 2019

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PayPal finally anticipates monetizing Venmo in 2019, nearly six years after acquiring the P2P service. Venmo's revenue run-rate is over $200 million for 2019, PayPal CEO Dan Schulman said in the earnings call Wednesday after market close. In an effort to monetize Venmo, PayPal in February last year added an instant transfer to the service, […]

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