Here’s how PayPal hopes to turn Venmo into the next PayPal

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PayPal Holdings Inc. has built itself into a financial juggernaut during the COVID-19 pandemic, and it’s now worth more than Walt Disney Co., Netflix Inc. and every U.S. bank except JPMorgan Chase & Co.

If PayPal
PYPL,
+1.84%

can get bigger, it will likely depend on its own Venmo brand turning its popularity with younger consumers into actual revenue.

Making Venmo a true money machine for PayPal will depend on its new general manager, Darrell…



Source marketwatch.com

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