Tech expert Kurt “CyberGuy" Knutsson reports that scammers made a fake Venmo that mimics a real cancer nonprofit’s handle.

Venmo's debit card penetration is still in the single digits, compared to 44% of users for Cash App, according to Bernstein.

PayPal added nearly two million first-time PayPal and Venmo debit card users during the quarter, with total debit card payment volume climbing more than 60%.