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daniel February 22, 2018 Is PayPal Leaching off Visa and MasterCard?, much of PayPal’s growth is being driven by Visa and MasterCard., PayPal Holdings (NASDAQ: PYPL), PayPal is Generating a lot of Cash, PayPal’s Money Machine, PayPal’s Usage Skyrockets, PayPal’s Vast Growth Potential, Venmo, Venmo’s Payment Volume increased by 86% in 2017, Visa (NYSE: VA) and MasterCard (NYSE: MA)

PayPal’s Money Machine Keeps a Humming

The volume of Venmo payments increased by 86% during 2017, rising from $6.8 billion in 1st Quarter to $10.4 billion in 4th Quarter, Statisa reported. If those figures are accurate, Venmo’s payment volume increased by $3.6 billion during 2017.
These figures indicate that PayPal might be the most successful payment solution in the world. It might also be creating a Fintech network that will one day rival those of Visa (NYSE: VA) and MasterCard (NYSE: MA).