Peer-to-peer payment platforms are changing the way young adults split tabs, pay their rent—and say “I love you.”
Venmo, an app that, like other peer-to-peer payment products, is linked to users’ bank cards, credit cards or checking accounts, says its customers sent about 2.8 million payments with its gift box emoji last year. Spikes in activity were seen on Mother’s Day, Father’s Day and around the holidays. That’s up from one million gift emoji payments in 2016 and 300,000 in 2015.
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