200 Million More Friends on Venmo -- Send Money to PayPal Users Around the World

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Venmo has announced a significant expansion that allows its users to send and receive money with hundreds of millions of PayPal users across 90 markets globally. This new connectivity aims to address app fragmentation in peer-to-peer payments, making it seamless for users, especially Gen Z, to transfer money internationally using just a phone number. The integration maintains Venmo’s intuitive user experience and includes transparency on currency conversion rates and fees, with international fees waived for a limited time.

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