Who is Winning in the P2P Payments War

There is a brewing war in the p2p payments space with Venmo and Zelle battling over who is the leader; in looking at the data banks are actually the biggest with more than $172bn in transaction volume; while Zelle has higher transaction volume Venmo has higher adoption with almost 25 percent of millennials in their 20’s; about half of those who make mobile p2p payments use more than one service; overall there is not a clear winner in the p2p payments space as it really depends on who their user is and why they are using a particular service. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.