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PayPal counts on its digital app for gains

November 28, 2022

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts.

To that end, one new service the company is testing is a teen account for users of its Venmo peer-to-peer payment tool, PayPal Senior Vice President Doug Bland said in a bank conference presentation earlier this month. He didn’t say anything about the timing of that new Venmo feature, only that the testing will continue into next year.

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