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I ran a Google Trends search for the keyword "Venmo".Google Trends shows you the relative search interest of keywords over time.
It is too soon to put a hard value on Venmo, but first hand I've witnessed Venmo become the leader in Millennial P2P payments.
Pay Pal acquired Venmo through its 2012 acquisition of payments company Braintree.
I've written about mobile payments for some time here at Seeking Alpha.
This deal follows a deal from July where Pay Pal including Venmo, partnered with Visa (NYSE: V).
The Master Card deal means that Pay Pal will no longer need to pay a digital-wallet fee to Master Card.