Payment Startup Venmo Reduces Need to Carry Cash

Pay Others Through Mobile App

Payment services have been popping up over the last few years, including services like Apple Pay, Google Wallet, and Facebook’s Money Transfer via Messenger. Now, mobile payment startup company Venmo has taken the ecommerce world by storm. Part payment service, part social network, Venmo gives consumers the ability to transfer money at the touch of a button. This platform may be the end of cash, checks, and credit cards, something that currency experts have been talking about for years. Other countries have been using mobile-based payments for years, including Kenya and Scandinavian countries, and now the United States will turn to this form of payment.

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