The intricacies of the world of finance can be all the more annoying and a nuisance if you have to deal with them on a daily basis for mundane reasons. If you need to return a small borrowed amount to a friend or pay your local handyman for nailing a board to a tool shed, making out checks or taking a walk to an ATM may get especially irksome.
Things started changing big time back in 2009 with the advent of Venmo, a mobile payment app that has, over the years, become all the rage with a vast number of users. The bulk of the app’s audience is Millennials. Within just 5 months of the app’s launch, it became prominent enough to be purchased for $ 26.2 million by Braintree, a PayPal company and a payment provider whose client accounts include several iconic names and universally known disruptive startups.
This is a summary. To read the article fully please visit our website.