Like other P2P apps, bank-backed #Zelle also experienced an increase in its payment volume in the second quarter, but at a relatively less impressive rate than PayPal’s Venmo. Zelle released a report yesterday showing that it had #processed 100 million #transactions totaling $ 28 billion in the second quarter ending on June 30. The average Zelle transaction […]
Bank Innovation
LONDON — British challenger bank #Monzo‘s new customer acquisition rate appears to be hockey-sticking. Tom Blomfield, co-founder of the new bank, told Bank Innovation today here that Monzo’s weekly &8212; yes, weekly &8212; debit-card customer growth rate hit 8.7% last month. Blomfield said Monzo, known as Mondo until August, nowRead More
Bank Innovation
#Debitize, a startup helping millennials build #credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. The milestone is $ 1 #million “debitized.” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize beforeRead More
Bank Innovation
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