Venmo adds scheduled payments to catch up to other P2P apps

The news: Venmo will start letting users schedule payments in the coming weeks, per the Verge.

  • Users will be able to schedule one-off payments and set recurring transactions on a monthly, weekly, or biweekly basis.
  • Users will get an email and push notification reminder a day ahead of scheduled payments.

The feature will be available to all users, including Venmo Teen users.