Payment companies were accused of unfair competition.
At the international payments company PayPal of Palo suspicion of unfair competition. Such accusations against payment of the operator put forward by the Federal trade Commission of the United States and connects the violation of a service to send money Venmo.
PayPal bought the service back in 2013-Ohm year. It was then that the popularity of this service began to grow and, accordingly, the company’s revenues began to rise. Venmo has contributed to the rapid growth of popularity of P2P payments. Only for the first year of use of this service, the transfer payments increased by 154% in dollar terms amounted to $3.2 billion.
And here in PayPal stated that on March 28 received from the Federal service a message with the requirement to provide documentation that relates to the operation of the service Venmo.
While greater information in the company do not own, but note that the decision of the U.S. government could end up for PayPal at least heavy fines.
