Venmo
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| Basic information | |
|---|---|
| Founded | 2009 |
| Legal Structure | Subsidiary |
| Industry | Financial Technology |
| Also known as | |
| Official website | https://venmo.com/ |
Venmo is an American mobile payment service aimed at users who wish to split their bills. It is owned by Paypal.[1]
Controversies
Privacy Concerns
In a 2018 study, researchers looked at over 200 million public transactions and found that Venmo "shares an enormous quantity of private data about users' lives by default."[2] Venmo makes transactions visible on a public feed by default unless users choose to make them only visible to friends or just visible to the two parties involved in a transaction.[3][4]
References
- ↑ "Hi. We're Venmo". Venmo. Archived from the original on 2025-03-17. Retrieved 2025-03-26.
- ↑ Paul, Kari (22 Jul 2018). "The scary reasons you should make your Venmo account private". MarketWatch. Archived from the original on 23 Oct 2025. Retrieved 25 Mar 2025.
- ↑ Cole, Samantha (28 Aug 2019). "Venmo Is Still Exposing Your Connections to Everyone You Know". Vice. Archived from the original on 16 Dec 2025. Retrieved 25 Mar 2025.
- ↑ Salmon, Dan (26 Jun 2019). "I Scraped Millions of Venmo Payments. Your Data Is at Risk". Wired. Archived from the original on 16 Jan 2026. Retrieved 25 Mar 2025.