Forget Venmo: This Booming Segment Is Driving Growth for PayPal

(NASDAQ: PYPL) is unique in the fintech and payments space in that it has products and services that cater to different customer groups, including individuals, small businesses, and larger enterprises. A history of success and a trusted brand certainly help attract new business.

Investors are likely familiar with Venmo, the personal financial tool that helps facilitate easy peer-to-peer transactions. This single service handled $68 billion of total payment volume (TPV) in the last three months, a massive sum.

But while Venmo is important for PayPal, another segment has been driving some serious growth for the business. Here's what investors should know.

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Source Fool.com