Will PayPal Get Paid…For Venmo?

www.barrons.com

Guggenheim analyst Jeff Cantwell raised his price target for PayPal, predicting that its peer-to-peer payment system will start generating revenue later this year as the online payment provider expands "Pay with Venmo" to millions of merchants.

I thought this was interesting - According to Guggenheim’s data, 9% of U.S. population has Venmo and 64% of Venmo users say it is their preferred payment method...predicting $1.9B in “Pay with Venmo” volume producing $73 million in incremental revenue.

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