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Could Venmo Become Your Customer's Primary Bank?
PayPal and Venmo already have brand recognition and a huge customer base. Can they become your customers' primary bank in the future?
PayPal's CEO has shared their plan for the future.
PayPal and Venmo together reported 439 million active accounts last quarter, more than Chase, Bank of America, and Wells Fargo combined, built on trust that predates every major neobank challenger.
In this Banking Insights episode, Jim Marous breaks down what Venmo's debit card economics, Teen Accounts, and a rejected $53 billion buyout bid actually say about where that trust is headed next, and what it would…
The skinny
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