<ul><li>Venmo, owned by PayPal, is expanding its platform to offer more consumer commerce options beyond peer-to-peer transfers.</li><li>The upgrades include better rewards for Venmo Debit Mastercard users, increased checkout options at major retailers, and a new brand campaign to position Venmo as a full-service commerce platform.</li><li>Venmo is aiming to compete with Cash App in the fintech space, as it currently has a smaller debit card penetration and transaction volume compared to its rival.</li><li>The company has seen growth in revenue, payment volume, and active users, and is focusing on monetizing acquisitions like Braintree and expanding its merchant network to drive user adoption.</li></ul>

Venmo adds debit card perks, checkout options in push to catch rival Cash App

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