Answer: VENMO

Venmo is a mobile payment service that allows individuals to make quick and easy transactions, typically used between friends or acquaintances. It allows users to send and receive money through a mobile app, making it a convenient way to pay for goods or services.

Note: The provided meaning of the answer is for the latest New York Times crossword puzzle clue: Modern way to pay. Explanations are generated by AI and may be inaccurate.