In this Issue:

A big battle is underway in America to turn your smartphone into an all-purpose payment device. So far only Venmo has been able to get large numbers of Americans to habitually use their phone to make payments. Since starting in 2009, Venmo’s mash-up of personal finance and social media has been a hit with college kids and urban professionals age 30 and younger, but it has yet to generate any revenue. Take a look for yourself.

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