Show Notes
Venmo COO Mike Vaughan talks with Recode’s Dan Frommer about how his company is turning a popular payments app into a real business. Venmo, which is owned by PayPal, processed more than $25 billion in the past four quarters, and Vaughan said it captures the essence of real-world interactions: Friends pooling their money for a gift, roommates paying each other back or parents collecting dues for their kids' soccer teams. The next step for the company is integrating the app with the services that people commonly use it for, as well as turning users' Venmo balance into a debit account they can access via a physical card. Plus: With peer-to-peer payments launching natively in iOS 11, is Venmo under threat from Apple? Learn more about your ad choices. Visit megaphone.fm/adchoices
More from Recode Replay
Recode's Kara Swisher and Jason Del Rey talk with Jennifer Hyman, the CEO and co-founder of Rent the Runway, at An Evening With Code Commerce 2018 in Las Vegas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Recode's Jason Del Rey talks with Nordstrom co-president Erik Nordstrom and OneMarket CEO Don Kingsborough at An Evening With Code Commerce 2018 in Las Vegas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Recode's Kara Swisher talks with DoorDash CEO Tony Xu and David Gordon, the president of The Cheesecake Factory Incorporated, at An Evening With Code Commerce 2018 in Las Vegas. Learn more about your ad choices. Visit megaphone.fm/adchoices
Patreon CEO Jack Conte and 'Brain Candy' host Susie Meister talk with Recode's Peter Kafka and Dan Frommer at the 2018 Code Media conference in Huntington Beach, Calif. Learn more about your ad choices. Visit megaphone.fm/adchoices
The chief strategy officer at Disney, Kevin Mayer, talks with Recode's Peter Kafka at the 2018 Code Media conference in Huntington Beach, Calif. Learn more about your ad choices. Visit megaphone.fm/adchoices