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Venmo has 40 million users, PayPal reveals for first time

Thursday, April 25, 2019, 9:13 AM

Popular payment app Venmo has ushered in 40 million users to the platform, its parent company PayPal announced on Wednesday. This is the first time PayPal has disclosed user numbers for the millennial-focused, peer-to-peer app. In its first-quarter earnings report, PayPal said it now has a total 277 million total customer accounts including 22 million merchant accounts.

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