WS Investor
16 Apr 2026, 12:49
San Jose, Calif., April 15, 2026 — PayPal announced new updates to its Venmo platform, expanding its Stash rewards program as part of a broader push to transform Venmo into a full-service spending app.
The enhanced program allows users to earn up to 5% cash back on purchases at select merchants, extending beyond debit card transactions to include payments made directly with Venmo. The initiative aims to link everyday spending with tangible rewards, encouraging greater usage across retail and lifestyle categories.
Venmo is also expanding its merchant network, adding major brands and supporting continued growth in transaction volumes and active users, both of which are increasing at double-digit rates.
The company said the updates reflect Venmo’s evolution from a peer-to-peer payment app into a broader money movement platform focused on everyday spending, particularly targeting younger consumers.
PRNewswire
The enhanced program allows users to earn up to 5% cash back on purchases at select merchants, extending beyond debit card transactions to include payments made directly with Venmo. The initiative aims to link everyday spending with tangible rewards, encouraging greater usage across retail and lifestyle categories.
Venmo is also expanding its merchant network, adding major brands and supporting continued growth in transaction volumes and active users, both of which are increasing at double-digit rates.
The company said the updates reflect Venmo’s evolution from a peer-to-peer payment app into a broader money movement platform focused on everyday spending, particularly targeting younger consumers.
PRNewswire