Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans.
Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults.
These programs — other examples include Zelle, Square, Apple Pay and Google Pay — allow for a convenient way to transact. But they also pose a fraud threat due to the difficulty of recovering funds sent via the platforms, according to AARP.
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