Venmo rolling out accounts for teens

Venmo Teen Accounts will come with automatic limits and an array of parental controls.

NEW YORK — Teenagers will officially be allowed to open a Venmo account with their parent’s permission, the company said Monday, expanding the popular social payments app to an age demographic that is likely to embrace it almost immediately.

Using Venmo won’t necessarily be new to a good number of teens — parents often set up accounts for their children through their own accounts, which is a violation of Venmo’s terms of service. There have been guides on the Internet for some time showing parents how to create a child’s account without

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