Venmo is the mobile wallet service from PayPal Inc, which can be linked to a bank account, debit or credit card. It allows customers to pay online and in-app where they see the Venmo logo and at most places where PayPal is accepted. Customers can also split or share purchases with one or many other users within the app.

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Type Wallet
Company behind LPM PayPal Inc
Market share details Venmo handled $21 bn in transfers in the first quarter of 2019 and had around 40 m active users.
Market relevance High

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