Paypal owns Venmo (via the Braintree acquisition). How is this not cannibalizing on Venmo (whose primary existence is around sending money btwn friends)...?
Personally, I think it makes a lot of sense. This seems like a lower-friction flow, especially when requesting money from people who have never heard of Venmo – not everyone trust a payment processor they've never heard of, and PayPal has much broader awareness than Venmo.