Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Clara Chennells, Copywriter

Recent Posts

P2P payment apps are taking over the world

Posted by Clara Chennells, Copywriter

Mar 28, 2017 8:00:00 AM

In the last few years, uptake of personal payment applications has been shaking up the world of fintech. US-based digital wallet Venmo, one of the fastest-growing apps in this realm, is changing the way we think about person-to-person (P2P) payments. Venmo is used mainly to make small payments between people who know each other, and it appears to be highly effective in eliminating small – albeit pesky – lingering debt between friends, family members and others who struggle to follow through on IOUs. On the face of it, Venmo seems like nothing more than a variation of PayPal (which, incidentally, owns Venmo). So what sets Venmo apart, and why are millennials flocking to it with such enthusiasm?

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Topics: Card-not-present authentication, User experience

About Trusted Transactions

Trusted Transactions is Entersekt's blog devoted to keeping our customers, prospects and friends updated with industry news, security threats and technology advances in consumer authentication. We can protect against online banking fraud and account takeovers. Trusted Transactions brings you industry data and insights to help safeguard your online and mobile banking and payments transactions. 

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