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How Venmo Plans to Make Money

Peer-to-peer payment technology, such as that used by PayPal and its subsidiary Venmo, offers people an easy way to send money to other people, and businesses are increasingly using similar options to reimburse consumers. MasterCard doesn’t use the service to pay its cardholders, but it’s selling P2P payment technology to companies, including, so they can provide faster refunds to their customers.

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