If you are not familiar with Venmo, don’t worry – this payment method has yet to launch in any country other than the United States. It seems unusual that the company is yet to open up its service to the rest of the world, especially when you consider that the company processed over $159 billion in transactions during a single quarter of 2018.

That is a whole lot of money for a payment processor who restricts themselves to one country – what does Venmo offer that their competitors do not? Let’s take a deep dive into Venmo and find out what makes this company tick.

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