PayPal Announces Tap To Pay for Venmo And PayPal Zettle Businesses In The U.S.
Portfolio Pulse from Benzinga Newsdesk
PayPal has announced the rollout of Tap to Pay for Venmo and PayPal Zettle businesses in the U.S. The feature allows small businesses to accept contactless payments directly on their mobile devices without any additional hardware or upfront cost. It is currently available to select Venmo business profile users and will soon be available to all Venmo business profile users in the U.S.
June 28, 2023 | 1:05 pm
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POSITIVE IMPACT
PayPal's new Tap to Pay feature for Venmo and PayPal Zettle businesses could potentially increase the company's user base and transaction volume, positively impacting its revenues and stock price.
The introduction of Tap to Pay could attract more small businesses to use PayPal's services, increasing the company's user base and transaction volume. This could lead to higher revenues and potentially a rise in the company's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100