Introducing The Venmo Teen Account
Portfolio Pulse from Benzinga Newsdesk
Venmo introduces the Venmo Teen Account, allowing parents and legal guardians to open a Venmo account for teenagers aged 13 to 17. The account comes with a Venmo Teen Debit Card and offers built-in parental controls and oversight capabilities.
May 22, 2023 | 12:24 pm
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Venmo, owned by PayPal, introduces the Venmo Teen Account, targeting teenagers aged 13 to 17 with parental controls and financial education.
The introduction of the Venmo Teen Account expands Venmo's user base and market reach, targeting a younger demographic. This could lead to increased adoption and usage of Venmo services, potentially driving growth for PayPal in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100