Venmo - Mobile Payments Meetup 4/17/14

Post on 08-May-2015

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Presented in NYC @ Entrepreneurs Roundtable Accelerator. http://www.meetup.com/Mobile-Payments-NYC-Meetup

Transcript of Venmo - Mobile Payments Meetup 4/17/14

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Venmo & Mobile Payments !

Where we are, where we’re going

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The Beginningtwo guys with a problem - make it easier than writing a

check

It’s a simple idea. Why can't your phone replace your wallet?

MAKE MONEY TASTE LIKE HONEY !

- IQRAM

So, what’s taking so long?

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

Well, the payments industry is hard.

So we decided to focus on easy

Calculate Risk Differently

>

Make signup smooth

Keep payments free

Make payments easier

What’s next?

CONNECT THE WORLD AND EMPOWER PEOPLE THROUGH PAYMENTS

- LUCAS

CONNECT THE WORLD AND EMPOWER PEOPLE THROUGH PAYMENTS

- LUCAS VENMO

Payments as Social Recommendations

Include a link to your app so friends who learn about it can install it, expanding your reach

Get creative with the note and set the audience to public !!Your customer’s Venmo friends will see these payments in their news feeds

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• GetMaid, an on-demand premium maid service, uses Venmo Payouts to pay maids on a weekly basis.

• Venmo Payouts provides a simple and quick way to pay out to contractors. As a small business, GetMaid preferred not to assume the compliance burden of collecting bank account information of maids for ACH transfers. Venmo simplifies the entire process, allowing partners to pay to phone numbers or email addresses.

GetMaid + Venmo Payouts

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User selects “settle up” to settle the bill recorded in

Splitwise.

Splitwise + Venmo App Switch SDK

User confirms recipient,

amount, and date

App-switch to Venmo app.

Transaction is pre-filled with

recipient, amount, note,

and privacy

Once user completes transaction, Splitwise confirms that tab has been settled

2048 Against Cancer

Free Bike Project

Malaria No More

The Payment Landscape

Source: Forbes

@eartothenoise hamilton@venmo.com

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Questions?