Business Insider -
26 Jan 2015 23:53

Venmo, the popular peer-to-peer payment app that lets pay back your friends for things like cabs and concert tickets easily and instantly, processed almost $1 billion in transactions during the fourth quarter. But its growth is slowing down -- big time. Based on data from eBay-owned PayPal (which owns Braintree, which owns Venmo) charted for us by BI Intelligence, Venmo payments grew just 29% quarter-over-quarter, compared to 50% in the previous quarter. BI Intelligence points out a few possib...
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