THE DIGITAL REMITTANCE REPORT: The new platforms disrupting a $600 billion industry (PYPL, WU, MGI)

Every year, migrants send hundreds of billions of dollars worth of remittances back to friends and family in their home country. And there's a massive industry that facilitates these payments — and has for more than a century.  The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over […]

The amount of money flowing through Venmo has surged — at least before the launch of Apple’s rival service (PYPL)

Venmo has become so popular, its name has become a verb in the same way “Google” has. People use the the PayPal-owned mobile person-to-person payment service to pay rent, split bar tabs, and hold fundraisers. It’s become a must-have app for millennials, and as we can see in this chart from Statista, the amount of […]

Amazon can alter the course of history for these 7 companies (AMZN, PYPL, AAOI, MA, V, PLD, IP, JNPR)

Evan Vucci/AP Wall Street is looking for new ways to cash in on Amazon‘s meteoric rise. Amazon’s stock has grown over 50% in the past year and is currently trading at $ 1,146.19 per share. Investors can benefit from investing in companies whose revenues are tied to Amazon. Track Amazon’s stock price moves here. While much attention […]

Venmo just added a feature that makes it even easier to use (PYPL)

BI Intelligence This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. In a newly released update for iOS and Android, Venmo, the popular PayPal-owned peer-to-peer (P2P) transfer app, added QR code functionality so that users can more easily add friends and family. Users can access their personalized QR […]

GOLDMAN SACHS: Paypal is safe from Amazon — for now (AMZN, PYPL)

Thomson Reuters Amazon started its “Payments” platform in 2013, but it’s really taken off recently. With worries about Amazon taking over entire sectors, is the payment space safe? As Amazon announced its intentions to buy Whole Foods, the term “Amazoned” was coined to describe the businesses that crumble when Amazon enters their sector. Blue Apron is […]

PayPal just knocked out a beat-and-raise quarter and the stock is popping (PYPL)

Payment processor PayPal Holdings reported higher-than-expected quarterly profit and revenue on Wednesday, helped by an increase in payment processing volumes and customer additions. The company, which also raised its full-year profit forecast to $ 1.28-$ 1.33 per share from $ 1.26-$ 1.31, said its board authorized a $ 5 billion share buyback program. PayPal’s shares […]