LOVE Venmo – so easy and efficient. If any of you aren’t using it yet, you MUST sign up for the app immediately. I’ve used it recently to pay my share of a group dinner and to get paid when I sold my bike. Next, I am going to see if my cleaning person will let me pay her via Venmo.
On Venmo, which started out as a millennial-oriented peer-to-peer payment service and went viral with almost zero marketing, he revealed:
- Venmo just saw its 15th straight quarter in which its user volume doubled
- Venmo will soon be available for retail transactions
He predicts the financial services industry will see more change in the next 5 years than it has in the last 30 because of mobile and digitization.
Read on below for more on the digitization of money and the surge of interest in fintech (seen through google trends searches).