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We have not seen the use cases or the digital overlayservices rolled out,” he noted. Beyond PayPal And Venmo . But Ranta added that the need remains to educate consumers, who might already be used to Venmo and PayPal , where closed-loop systems provide speed.
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.
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