TLDR Tech / Fintech
PayPal expands Venmo globally to 90 countries
PayPal is rolling out Venmo internationally for the first time, enabling users to send money across 90 countries through integration with PayPal accounts. The move addresses fragmentation in peer-to-peer payments and aims to simplify cross-border transfers, with fees waived initially to drive adoption. It marks a long-awaited step in integrating Venmo into PayPal's global network amid rising competition from providers like Wise and Remitly.
Read the full story