Uber and Venmo Partner to Deliver a New Payment Experience
July 12 2018 - 12:00PM
Business Wire
Venmo provides customers a simple way to split
and share the cost of Uber
Uber and Venmo today announced that they’re partnering to
deliver a seamless new payment experience available with Uber and
Uber Eats. More than six million payments on Venmo mentioned “Uber”
in their description over the past year, making a seamless
connection between the two apps a natural fit.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180712005175/en/
Uber and Venmo Partner to Deliver a New
Payment Experience (Graphic: Business Wire)
Uber customers in the United States ordering rides and food will
soon be able to pay with their Venmo balance, linked bank account,
credit card or debit card so they can easily split the cost with
friends and family in the Venmo app, for no additional fee. Users
can also share their purchases in their Venmo feed with custom
emojis that are exclusive to the partnership, with Uber as the
first company to have a branded emoji in the app.
“Adding Venmo as a way to pay within Uber and Uber Eats furthers
our mission to provide a seamless way to pay for the services that
matter most to our customers,” said Bill Ready, Chief Operating
Officer, PayPal. “Whether it’s splitting a ride home after a night
out, or sharing a meal during a night in, paying with Venmo
provides our customers with a convenient and fun way to split and
share these experiences with friends.”
“Uber is always looking for unique new ways to provide an even
better experience to our customers,” said Marco Mahrus, Head of
Payment Partnerships, Uber. “With so many of our riders and eaters
already turning to Venmo as a way to pay a friend back for that
last ride or meal, we're proud to have built a seamless,
easy-to-use connection between our apps.”
Venmo will be available as a payment method on Uber and Uber
Eats apps to US customers in the coming weeks.
About Venmo
Venmo, a service of PayPal, Inc., is a leading mobile app in the
U.S. used to move money between friends and family and pay at
millions of retailers. Venmo makes payment a fun, social experience
that eliminates the awkwardness that comes with cash or checks. For
more information, visit https://www.venmo.com.
About PayPal
Fueled by a fundamental belief that having access to financial
services creates opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL)
is committed to democratizing financial services and empowering
people and businesses to join and thrive in the global economy. Our
open digital payments platform gives PayPal's 227 million active
account holders the confidence to connect and transact in new and
powerful ways, whether they are online, on a mobile device, in an
app, or in person. Through a combination of technological
innovation and strategic partnerships, PayPal creates better ways
to manage and move money, and offers choice and flexibility when
sending payments, paying or getting paid. Available in more than
200 markets around the world, the PayPal platform, including
Braintree, Venmo and Xoom, enables consumers and merchants to
receive money in more than 100 currencies, withdraw funds in 56
currencies and hold balances in their PayPal accounts in 25
currencies. For more information on PayPal, visit
https://www.paypal.com/about. For PayPal Holdings, Inc. financial
information, visit https://investor.paypal-corp.com.
About Uber
Uber’s mission is to bring reliable transportation to
everywhere, for everyone. We started in 2010 to solve a simple
problem: how do you get a ride at the touch of a button? More than
eight years and five billion trips later, we’ve started tackling an
even greater challenge: reducing congestion and pollution in our
cities by getting more people into fewer cars.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180712005175/en/
Venmo:Juliet NiczewiczVenmo
Communicationsjniczewicz@paypal.com
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From Mar 2024 to Apr 2024
PayPal (NASDAQ:PYPL)
Historical Stock Chart
From Apr 2023 to Apr 2024