In today’s mobile and internet-steered society, hard cash is out, and digital payments are in – and in the wake of the global pandemic, there are increasing concerns over cash's hygiene. So, this trend is only predicted to continue.
Even bank cards are becoming more confusing and risky, as hackers and scammers make debit and credit card companies their fraud and theft subject.
Whereas, with digital payment services, it's never been easier to send and receive money from the convenience of your smartphone. Millennials have long since been advocates of digital payments. However, the market is overcrowded with endless P2P payment apps, so picking the right one for you can seem like a thankless task.
One such leading P2P mobile app is Venmo – an app designed for making quick digital payments with just a few taps. In light of that, we're putting Venmo under the microscope to answer the question: What is Venmo and how does it work?
Continue reading “What is Venmo and How Does it Work? (Feb 2023)”