Venmo, a peer-to-peer payments application, is under review because it has lost its novelty and is not able to stand out in the saturated market. We can find many differences between Venmo and other payment apps such as Apple pay and Google Pay. For example, Venmo does not have a virtual wallet that allows customers to store or spend money through their phone. A few more differences include: no rewards system, no customer assistance phone number, and increased transaction fees.