Surge in Venmo and Checkout Usage Fuel Cryptocurrency-like Growth in PayPal's Q2 Results
PayPal's Venmo App Sees Significant Growth and Major Sports Partnerships
PayPal's digital payments platform, Venmo, has experienced a surge in growth, according to the company's latest quarterly results. The number of Venmo debit card monthly active users has increased by a impressive 40%, marking a significant milestone for the service.
This growth is not limited to user numbers. Venmo's revenue has increased over 20%, marking its fastest growth since 2023. The total payment volume for Venmo rose 12%, marking its highest growth rate in three years. These figures indicate a strong consumer adoption of Venmo's services.
The growth can be attributed to various factors, including PayPal's checkout system upgrades. These upgrades have not only improved merchant conversions but also sped up transactions, making Venmo a more attractive option for both consumers and businesses.
PayPal is not resting on its laurels. The company is focusing on new areas like AI, stablecoins, and its PayPal World platform. Its aim is to build a connected ecosystem where payments, commerce, and digital tools work seamlessly together.
In the world of sports, PayPal and Venmo have secured major partnerships with the Big Ten Conference and the Big 12 Conference. Venmo is an official sponsor of the Big 12 and also sponsors the Big Ten's "Rivalry Series," which covers key rivalry games in football and basketball across the conference.
As a presenting partner, Venmo is involved in financial sponsorship and payment infrastructure for revenue sharing to student athletes. Student athletes in these conferences can receive their revenue sharing payments through PayPal/Venmo's platform. The partnership is framed as a secure, efficient way to handle payments tied to the new NCAA athlete compensation and revenue sharing era.
Venmo has also launched Big 12 debit cards for students and fans, further integrating into the conference ecosystem. These cards provide a convenient way for fans to support their favourite teams and for students to manage their finances.
The partnership with the Big Ten and Big 12 represents a significant, business-minded collaboration for PayPal and Venmo in collegiate athletics. As of 2025, no other major sports conferences were mentioned as partners in the available information.
PayPal's branded payment volume also saw an increase of 8%, while Venmo's branded payment volume rose over 45%. These figures suggest that the upgrades in PayPal's checkout system are driving more transactions through its network.
Another area of growth for PayPal is Buy Now, Pay Later volume, which rose by 20%. The company plans a broader push to bring more payment processing volume into its network, positioning itself at the intersection of finance and technology.
With its strong growth, major sports partnerships, and focus on innovation, PayPal is moving with momentum, according to this quarter's results.
The surge in Venmo's growth, as seen in the impressive 40% increase in its debit card monthly active users and over 20% increase in revenue, extends beyond finance and influences the broader lifestyle and business sectors. As PayPal and Venmo delve into AI, stablecoins, and digital tools, they are aiming to create a seamless ecosystem where payments, commerce, and technology coalesce. The major sports partnerships with the Big Ten and Big 12 conferences serve as evidence of Venmo's expansion into the sports and entertainment world, positioning itself as a reliable and efficient platform for revenue sharing and financial sponsorship to student athletes in these conferences.
