Venmo is playing a key role in diversifying PayPal's revenue streams beyond its core branded checkout business. Venmo Debit Card monthly active accounts grew more than 50% year-over-year in the second quarter, while Pay With Venmo monthly active accounts rose about 30%, the company said. This consumer engagement is helping PayPal expand into higher-margin financial services at a time when its branded checkout volume growth has stabilized at 2% on a currency-neutral basis. Overall Venmo total payment volume continued growing in the mid-teens for a second consecutive quarter
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