Payments

The Zelle real-time payments network is a latecomer to the world of peer-to-peer payments compared with competitors like PayPal’s Venmo or Block’s Cash App. Despite having launched eight years after Venmo and four years after Cash App, Zelle has processed more than five billion transactions worth nearly $1.5 trillion in its first five years of business. Zelle is run by a fintech company owned by seven of our country’s largest banks: JPMorgan Chase, Bank of…

Apple Pay has been nowhere for ages, practically since inception.  There have been no reports of progress, successes, improved penetration and usage, since inception.  So… When did everyone start using Apple Pay?  More than 75% of smartphone and smartwatch owners now use their devices to pay for goods, making up more than 92% of all mobile payments, while Android Pay or Samsung Pay have clearly failed to gain traction.  When did this happen and why…