/payments

News and resources on payments systems, innovations and initiatives worldwide.

Venmo adds feature to help users manage group expenses

Venmo has launched a feature to make it easier to track, split, and manage multiple or ongoing expenses among groups like friends, family, and roommates.

Be the first to comment

Venmo adds feature to help users manage group expenses

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

More than 80% of Americans say they've used P2P services for things like paying rent, household costs and travel expenses, according to a LendingTree study.

Venmo Groups promises to take make the process easier by automatically calculating the individual amounts due based on the overall spend of each person in the group. All members of the group can track and add expenses, see amounts due, and settle up.

Erika Sanchez, GM, Venmo, says: "We know managing ongoing expenses in a group can be challenging, in particular when each member covers different costs with different amounts at different times.

"As one of our most requested features, Venmo Groups offers a seamless solution for users to better track and settle shared expenses in group settings."

Sponsored Join us at Money20/20 Europe 2024 - 4-6 June, Amsterdam | Use code FEX200 to save €200 on your ticket

Related Company

Comments: (0)

Join us at Money20/20 Europe 2024 - 4-6 June, Amsterdam | Use code FEX200 to save €200 on your tickeFinextra PromotedJoin us at Money20/20 Europe 2024 - 4-6 June, Amsterdam | Use code FEX200 to save €200 on your ticket