Paypal's (PYPL) Venmo announces major global expansion for peer-to-peer payments; will waive international fees through August 24th, 2026

• Venmo users can send and receive money with Paypal users in 90 markets.

Venmo's global expansion, enabling transactions in 90 markets and waiving international fees until 2026, represents a significant move towards enhancing user engagement and market reach for PayPal. This shift could strengthen Venmo's competitive position in the peer-to-peer payments space and potentially increase overall transaction volume, impacting both revenue and user growth metrics positively.