How Zelle is different from Venmo, PayPal and CashApp
Publishing timestamp: 2023-02-04 08:02:01
Summary
Zelle is a payment app owned and operated by Early Warning Services, LLC, which is co-owned by seven of the nation's big banks. It stands out from other payment services like PayPal's Venmo and Block's Cash App because it is not publicly traded and it appeals to users because anyone with a bank account at one of the seven participating firms can make payments. Banks created Zelle to compete in the peer-to-peer payment space and to provide customers with a trusted means of payment.
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Keywords: economy, paypal holdings inc, mobile app, pnc financial services group inc, fintech, bank of america corp, us bancorp, jpmorgan chase & co, truist financial corp, jobs, business news, business, capital one financial corp, wells fargo & co, technology, united states, life, video first, politics, markets, u.s. economy, banks,
Source: https://www.cnbc.com/2023/02/04/how-zelle-is-different-from-venmo-paypal-and-cashapp.html