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Companies like Square Inc () and Pay Pal have also found a strong foothold in the e-commerce industry, where they peddle their payments platforms to small and large-scale businesses by offering competitive pricing and loyalty rewards.
The research was carried out on the 16th January by market research agency, Consumer Intelligence, in conjunction with Transfer Wise.The partnership came days after a news report said that Pay Pal had tied up with oil giant Chevron Corp CV.N to allow drivers to pay their bills via a mobile app.Analysts lauded Venmo, calling it a “meaningful growth driver” especially since Pay Pal has only recently begun cashing in on the app.
Credit Suisse said Venmo had implications beyond its basic payments-transfer and point-of-sales services.The information in this publication does not constitute legal, tax or other professional advice from Transfer Wise Limited or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.