What is Venmo?

Question

What is Venmo?

Accepted Answer

Venmo is a leading U.S.-based mobile payment service, owned by PayPal, that specializes in **peer-to-peer (P2P) money transfers** and is distinguished by its integrated social networking feed, facilitating over **$325 billion** in Total Payment Volume (TPV) annually as of 2025.

Venmo

What is Venmo?

What is Venmo and how has its integrated social feed driven its massive adoption among younger users?

How does Venmo generate revenue, and what are the specific fees associated with instant transfers and business transactions?

What is Venmo's role in the broader digital payments ecosystem, and how does it compete with rivals like Zelle and Cash App?

How has Venmo expanded its financial product offerings, particularly with its cryptocurrency trading and physical card options?

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