Quarterly TPV (Total Payment Volume) of Venmo in USD 2017-2024
In the first quarter of 2024, Venmo’s total payment volume showed a year-on-year growth of about eight percent. The payment method had 69 billion USD worth of TPV at the end of this quarter, compared to 63.8 million U.S. dollars in Q1 2023. Venmo is a U.S.-based digital wallet service owned by PayPal. According to a February 2022 survey of online payment users in the United States, 32 percent of respondents had used Venmo in the past 12 months. Parent company PayPal ranked first with a U.S. audience reach of 85 percent.
