Venmo (PayPal)

Venmo, owned by PayPal, is a digital payment service that allows users to send and receive money electronically through a mobile app or website. It functions like a virtual wallet linked to your bank account, credit, or debit cards. Users can easily split bills, pay friends, or make purchases at participating merchants. Transactions are typically instant and can be shared publicly or privately within the app. Venmo also offers social features, such as transaction comments, making it a convenient and user-friendly way to manage personal finances and peer-to-peer payments securely.