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PayPal’s Venmo Business in 3 Charts

TheMotleyFool

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PayPal Holdings (NASDAQ: PYPL) continues to kill it in the war on cash. In its third-quarter earnings report, the digital-payment provider reported that 10 million new users joined its platform, contributing to a 25% increase in total payment volume.

The war on cash is really a fight among digital-payment providers to become the default payment option for everyday purchases. PayPal's most powerful weapon in this ongoing battle is Venmo. The peer-to-peer (P2P) payment app is growing much faster than the rest of PayPal's business. Here are three charts that highlight Venmo's momentum.

Image source: Paypal Holdings.

Source Fool.com

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