![]() ![]() Venmo has approximately 40 million users. It also offers additional features like bill splitting, instant transfers, and seamless online payments to approved merchants. Venmo is particularly popular among US millennials thanks to its interactive social media features. Paypal, the oldest app in this guide, boasts 305 million users across 203 countries and facilitates fund transfers in 26 countries. Let’s compare these apps based on the following: 1. Like Venmo, Zelle operates within the United States. It is supported by several major US banks, including Bank of America, Wells Fargo, JP Morgan Chase, Capital One, US Bank, BB&T, and PNC Bank. On the other hand, Zelle is a P2P payment app exclusive to the United States, launched in 2017. In 2012, Venmo was acquired by Braintree, which was subsequently purchased by Paypal in 2013. ![]() Venmo, a subsidiary of Paypal, was created in 2009 by Andrew Kortina and Iqram Magdon-Ismail to enable quick money transfers. It later received the digital wallet company Xoom Corporation in 2005, expanding its user base. ![]() Paypal is the original P2P payment transfer platform, established in 1998 as ‘Cofinity’ before being acquired by eBay in 2002. In this blog, we’ll help you find the answer. However, choosing the best app for P2P payments can be a challenge. These payments are made through popular apps like Paypal, Venmo, and Zelle, eliminating the need for cash. P2P transactions are electronic money transfers done directly between individuals, usually instantaneously. Venmo, PayPal, Zelle: Which One Should I Use to Send Money? JComment ![]()
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