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Zelle Reportedly Looking to Expand into Business Payments

In a relatively short period of time, Zelle has grown into the most-used peer to peer (P2P) payments app, topping competitors like Venmo, Square's Cash App, and App Pay Cash. Now it seems the big bank-backed app is looking to expand its reach even further. According to a report by...

Consumer Reports Ranks Apple Pay Cash Above Venmo, Zelle

This year an estimated 79 million Americans are expected to utilize peer to peer (P2P) payments services, marking a 24% increase over 2017. With this growing popularity, the P2P landscape has evolved in recent months — including the revelation that Zelle is now leading the pack after overtaking Venmo. Now...

Apple Pay Expected to Lead OEM Wallets as Contactless Payments Grow

New data from Juniper Research shows that contactless payments could reach a major milestone even earlier than expected. According to the firm's report, contactless transactions are on track to surpass $1 trillion in 2018 (a year earlier than previously estimated) and are anticipated to exceed $2 trillion by 2020. Additionally...

Snapchat to Shut Down Snapcash P2P Feature

More than three and a half years after Snapchat first allowed users to send money to each other using the platform, the app has announced it will be disabling their Snapcash feature next month. The news was first discovered by TechCrunch who noticed some interesting code in the Android version...

Morgan Stanley Upgrades FinTechs, Payment Companies

Morgan Stanley is apparently still taking a shine to the FinTech sector despite downgrading the broader tech sector just a week ago. As MarketWatch reports, Morgan Stanley's James Faucette recently upgraded the payments industry on the whole to "attractive," even declaring, "These are some of the best businesses there are." The upgrade...

Google Pay Integrates P2P Payments, Mobile Tickets into App

Just a few months after officially morphing from Android Pay to Google Pay, the mobile wallet app is continuing to evolve and integrate additional services. As TechCrunch reports, the latest features being rolled out by Google Pay include peer to peer payments and support for mobile ticketing. You may recall...

FinTech Firms Lead Personal Loan Boom

With a term as broad as "FinTech," it's not surprising that there'd be a variety of companies that would all fit under the same umbrella. Still, one of the leading verticals in the space has always been lending, as peer to peer options like Lending Club and Prosper made their debuts...