Does Venmo work internationally? Worldwide alternatives for 2024

What is Venmo, and why has this company become so famous in the US?

Venmo is a platform that allows you to send and request money from friends without commission and is especially useful in case you don’t carry cash. Splitting lunch, utilities, and cab fares are a few examples, while social features are integrated to show your friends how you feel about each transaction, too! Also, there are stores and authorized partner apps that accept payment via Venmo.

Venmo has become extremely popular, with 80+ million users. Users particularly like the ease of use, the non-existent fees for most transactions, and the ability to send money to non-Venmo users (though they still need to sign up to accept the money). Users also like the ability to make payments even if their Venmo account balance is insufficient since the app can draw funds from their linked bank account or credit card.

Which countries is Venmo available in?

Venmo is available in the US only. To create an account and use the platform, send and receive money, you need to reside and have a bank account in the US (including some US territories such as the US Virgin Islands, Puerto Rico and Guam). So, that means a US user cannot send money to a user in the Netherlands, India, or Australia.

Venmo does not appear to have any plans for future expansion towards other countries.

Venmo alternatives worldwide

If you’re searching for alternative options to Venmo, we’ve got you covered! The following list includes the most popular apps and services to help you send and receive money, from all around the world.

• Wise: A great service to send and receive money internationally, focused on low-fee foreign transactions.
• Revolut: One of the fastest-growing digital banks. Revolut provides no-fee transactions and free-of-charge foreign transactions up to $1,000. Revolut is available in over 35 countries.
• Cash App: For use inside the US and the UK, and even international transfers between the two countries, the Cash App is another Venmo alternative. The service provides free transactions to other users, banking, custom debit card designs and investing.
• Vivid Money: Vivid is a digital bank based in Germany, and its users can send and request money from other users without charges, while they can also invest in stocks, ETFs, cryptocurrencies and commodities. To register with Vivid, you need to reside in the EEA.
• Monese: Monese is a digital bank that you can use on your smartphone, and is focused around quickly setting up an account, while they provide free transfers internationally. At the moment, you can use Monese in 31 countries in the EEA.
• N26: A popular digital bank based in Germany. N26 is available in 22 European countries and the US.
• Monzo: This online bank allows for payments within the United Kingdom. They recently launched a US version of the app, though it is unclear if you can send money between the US and the UK.
• Paypal: A global online platform to send and receive money, for personal and business transactions. Paypal is available in more than 200 countries around the planet, including the US, UK, India, China, Australia, New Zealand.