According to CNCB, the app started with peer-to-peer payments and incorporated a social network with the ability to like and comment on friends’ transactions.
Synchrony Financial is handling the banking side. Customers will not be logging onto Synchrony’s website; instead, they pay bills directly on the Venmo app. They can also opt to share payment history on their social feed, split purchases with other people, and get real-time alerts to monitor card activity.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now