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  • Splitting the bill is no issue with Venmo
    Garry Knight, Creative Commons (2012) ©
CASE STUDY

Venmo: a social network for splitting the bill

Whether it’s splitting the bill at a bar or sharing a cab fare home, paying your peers can be an awkward hassle. Mobile wallet app Venmo is changing this with a social media-style digital payment system that lets you instantly transfer money between friends. Could Venmo kill cash for good?

Location United States

Scope
Whether it’s splitting the bill for a round of drinks, covering your share of a meal, or making square on the cab fare home, paying your peers can be an awkward hassle. And with cashless payments increasingly favoured over coins or cheques, peer-to-peer payments are often impossible without sort codes and account numbers or trips to the cash point.

Mobile wallet app Venmo is changing all of this with a cashless, paperless digital system that lets you instantly transfer money between friends or those in close proximity, bringing convenience to peer-to-peer payments. With $1.6 billion sent over ...

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