PayPal-owned Venmo’s profits up 20% as debit card usage rises


Venmo earns money with on-line check out repayments, debit cards and immediate transfers.

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Profits expanded 3% to $1.5 b (RM6.3 b).

Profits increased 3% to $1.5 B

Earnings climbed 11% to $242.5 m (RM1.024 b).

Earnings climbed 11% to $242.5 million