Venmo Launched Business Profiles to Help Small Organizations
Daniel Johnson — July 3, 2020 — Tech
References: blog.venmo & techcrunch
Venmo is now launching ‘Business Profiles’ that can be used by smaller organizations to sell goods. The Business Profiles feature allows sellers to share important information like an address, contact information, website information, and more. It also allows small businesses to easily create a page that looks professional. Overall the tool provides a way for gig worker to keep their personal and professional Venmo accounts separate, by simply toggling between a Venmo user's personal and professional profile.
Venmo Business Profiles will also be visible through the social feed on the Venmo platform. Venmo QR codes can also be easily shared with customers through email, text, print, or Airdrop, in order to simplify the payment process.
Image Credit: Venmo
Venmo Business Profiles will also be visible through the social feed on the Venmo platform. Venmo QR codes can also be easily shared with customers through email, text, print, or Airdrop, in order to simplify the payment process.
Image Credit: Venmo
Trend Themes
1. Business Profile Tools - Disruptive innovation opportunity: Develop a customizable business profile tool that integrates with popular payment platforms and allows small organizations to easily share important information and sell goods.
2. Small Business E-commerce - Disruptive innovation opportunity: Create an e-commerce platform specifically designed for small businesses, providing them with a professional online presence and seamless payment integration.
3. Mobile Payment Simplification - Disruptive innovation opportunity: Design a mobile payment app that simplifies the payment process for both buyers and sellers by integrating customizable business profiles and easy sharing of payment QR codes.
Industry Implications
1. Fintech - Disruptive innovation opportunity: Develop innovative fintech solutions that cater to the needs of small businesses, such as customizable payment platforms and business profile tools.
2. E-commerce - Disruptive innovation opportunity: Create e-commerce platforms that offer seamless payment integration and professional online profiles for small businesses.
3. Mobile Apps - Disruptive innovation opportunity: Build mobile apps that simplify the payment process for both buyers and sellers, incorporating features like customizable business profiles and easy sharing of payment QR codes.
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