"Venmo and Uber Expand Services to Teenagers with New Accounts and Debit Cards"
Venmo will officially allow teenagers to open accounts with parental permission, expanding the app's market to an age demographic that has been using it already. The Venmo Teen Account will come with a debit card and parental controls, including transaction monitoring and privacy settings. The move is in response to frequent requests from users and could create 25 million potential new customers. Other banks, such as Chase, have also created similar products for children and teenagers.