In this episode, we dive into the heated competition between Venmo and Zelle, discussing how both platforms are shaping the world of peer-to-peer and peer-to-business payments. With Venmo recently launching recurring payments, we explore the growing rivalry with Zelle, which is currently dominating in total payment volume. Our conversation covers the user demographics, transaction sizes, and how each company plans to monetize their services. We also take a deep dive into the “wallet wars,” discussing potential competitors like Apple and Google, and the evolving role of fintech in payments.Simon Taylor:  V / sytaylor  00:00:00 - Introduction and Stats: Venmo vs Zelle00:01:06 - Transaction Sizes and User Demographics00:01:45 - Use Cases: Venmo vs Zelle00:03:26 - Zelle’s Right to Win and Revenue Opportunities00:04:29 - Venmo’s Monetization Challenges00:05:05 - The Coming Wallet Wars: Who Will Win?00:06:12 - PayPal Wakes Up: Venmo’s Untapped Potential00:07:10 - Inside PayPal’s New Executive Turnaround00:08:18 - Why PayPal Needs Cohesion in Its Offerings00:09:19 - Meet Paze: Banks’ Answer to Digital Wallets00:10:27 - Paze’s Strategy: Can It Compete with Apple Pay?00:11:40 - Challenges for Paze: Do Consumers Want It?00:12:17 - PayPal’s Fast Lane: The Future of Venmo?00:12:51 - Venmo’s Strong Brand: Can It Lead the Market?00:13:30 - Monetization Debate: Subscriptions vs Aggregation00:15:05 - Will Wallets Become Identity Aggregators?00:16:14 - Hiding Fees: Adding Value Through Services00:17:10 - Subscriptions or Supply Charges: Which Model Wins?00:19:54 - Venmo’s Next Move: Business Payments and Pay-by-Bank00:21:55 - Venmo’s Roadmap: Building the Wallet of the Future

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