WebNov 27, 2024 · Fraud hit Venmo hard in early 2024, leading the PayPal division for peer-to-peer payments to take an unexpectedly large loss due to fraudulent transactions and to … WebFeb 13, 2024 · Venmo key statistics. Venmo processed $244 billion in total payment volume in 2024, a 6% increase year-on-year. Venmo made an estimated $935 million in 2024, an 10% increase on 2024 figures. Over 78 million people use Venmo, most users are based in the United States. PayPal acquired Venmo in 2013 for $800 million, as part of its acquisition …
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