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But Ranta added that when it comes to the consumer, the critical usecases that could spur wider adoption aren’t there quite yet. "We We have not seen the usecases or the digital overlayservices rolled out,” he noted. Beyond PayPal And Venmo . 2021 Could Be The Game-Changer .
The existence of Zelle , Venmo , Cash App , PayPal and other wallet services has dampened US Banks’ appetite for implementing instant payments, with 50 per cent feeling a lot or significant impact. Nearly all (98 per cent) experienced some form of impact. It’s given banks plenty of reasons not to modernise.
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