College students can now pay tuition with PayPal or Venmo at some universities

PayPal/Venmo are rolling out tuition payments at five major universities, expanding adoption of digital wallets in higher education. Critics argue the payment method may not offer the same security as traditional channels, creating a cautious backdrop for uptake despite the product expansion.

Analysis

PayPal/Venmo are rolling out tuition payments at five major universities, expanding adoption of digital wallets in higher education. Critics argue the payment method may not offer the same security as traditional channels, creating a cautious backdrop for uptake despite the product expansion.