Core Insights - Venmo and PayPal will enable users to pay each other directly, enhancing compatibility between the two platforms [1] - This integration addresses a long-standing issue for users who have had to use workarounds to transfer money between the services [1] - PayPal's broader network of payment systems, named PayPal World, will facilitate international money transfers without barriers and fees [2] Group 1 - Venmo users and PayPal users will be able to pay each other in the U.S. and worldwide starting in November [1] - PayPal users can find Venmo users using their phone numbers and later email addresses [1] - The integration may have been delayed to discourage users from creating accounts on both platforms [1] Group 2 - PayPal announced the expansion of its payment systems in July, starting with Venmo [2] - PayPal World will also include partnerships with Mercado Pago, NPCI International Payments Limited, and Tenpay Global [2] - Venmo and PayPal combined have 2 billion global users, according to PayPal [2]
Venmo and PayPal users will finally be able to send money to each other