Venmo replaces cash and checks with a digital peer to peer transfer app and is spurring the shift towards the digital wallet
Venmo, the PayPal-owned peer-to-peer payments app, is one of the best-known and largest disruptive fintech companies.
Venmo uses network effects to make social network their business.
Fuelled by its user base and network effects PayPal once looked invincible. The network effects have since crumbled and PayPal faces real threats.
Explores network effects in Apple Pay and why adoption to date has been lower than expected.
Venmo has grown with strong direct network effects, but has been unable to crack the indirect network effects.