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Zelle, Venmo P2P Payments Race Gains Fresh Fuel In Q3

PYMNTS

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Zelle Enrollment Boost.

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Zelle Eyeing Expansion Into Small Business Payments

PYMNTS

Zelle , the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. By 2021, the business side of the P2P market is expected to hit $74 billion.

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Venmo competitor Zelle wants to let you pay businesses, too

Payments Source

Zelle is working on ways to ensure that customers can safely pay small businesses as well.

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Zelle, Venmo P2P Payments Race Gains Fresh Fuel in Q3

PYMNTS

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Zelle Enrollment Boost. Venmo Growth.

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How Zelle Protects Users Against Scams And Frauds With AI, Analytics

PYMNTS

Peer-to-peer (P2P) payment apps have gained ubiquity over the past decade, supplanting or replacing cash transactions, personal checks or wire transfers for payments between individuals or sometimes even small businesses. It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans.

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Deep Dive: How Real-Time Payments Can Help Meet B2B, P2P Expectations

PYMNTS

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. Businesses are joining consumers in stepping up their use of P2P and mobile payments.

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Sizzle Of The Week: Zelle’s Accelerating Growth

PYMNTS

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. 16) that Zelle payments were up 97 percent in Q4 2018, signaling the latest burst of growth for that payment method. Venmo already offers a comparable service and is popular with their user base.

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