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Amex/Discover, plus PayPal and a host of lessor money transfer apps/companies, like Venmo and Zelle.
by ww520 6y ago
Amex/Discover, plus PayPal and a host of lessor money transfer apps/companies, like Venmo and Zelle.
- adjkant 6y agoVenmo is owned by Paypal. Zelle is owned by all of the big banks collectively (Bank of America, Capital One, Wells Fargo et al.). The closest thing to a "small" player is the Cash app, owned by Square. No commentary on the larger picture here or Amex/Discover, just pointing out your other examples don't exactly fit your point fully.
- ww520 6y agoGood points. Thanks for pointing out.
- julius_set 6y agoJust curious why PayPal or Venmo?
- ww520 6y agoWell. PayPal is a payment gateway/system where merchants and consumers can both use; it's serving the same role as Visa/MasterCard. Venmo is a bit off but once Venmo allows merchants as cash recipients, it will serve the same role.