Venmo lets users send money to PayPal accounts around the world

The integration, which comes more than a decade after PayPal acquired Venmo, means users can move money between friends and family internationally using just a phone number. Venmo users in the US search for the recipient’s phone number in the app, enter the amount they want to send in US dollars, add a message, and send.

All transfers include transparency to the sender of currency conversion rates and any applicable fees before the transaction is completed, and recipients have visibility into the sender on Venmo, the amount of money received, including in what currency, and the payment note. Venmo is also waiving its international fee for several months.

A survey of 2000 US adults for Venmo shows that 41% send money or gifts to friends and family who live in another country, with 42% of Gen Z doing so at least once a month. Of Americans who have travelled or lived abroad in the past three years, 77% say it’s important to use the same payment app they rely on at home, with millennials feeling this most strongly (88%).

Diego Scotti, GM, consumer group, PayPal, says: “By bringing these two ecosystems together, we’re making it seamless for Venmo and PayPal users to pay one another without friction or borders. It’s about meeting people where they are and delivering simple, secure ways to move money in the moments that matter most, no matter what your preferred app is.”