TLDR Tech / Fintech
Venmo expands stash cash-back rewards program
Venmo is deepening its push beyond peer payments by enhancing its rewards offering with more ways for users to earn cash back on everyday spending. The update introduces up to 5% rewards when users pay selected merchants directly through the app, while also expanding brand partnerships and integrating more tightly with PayPal's global network. The move signals a broader strategy to turn Venmo into a full-service consumer finance hub, especially as mobile in-store payment adoption in the US still has significant room to grow.
Read the full story