Financials: Venmo, Zelle, and Square Cash: How They Work and How They Make Money

Industry Focus

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4.6 • 854 Ratings

🗓️ 3 September 2018

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here’s a look at the three leading person-to-person payment apps and where they could be heading in the future.Person-to-person (P2P) payments have surged in popularity in recent years, and three leaders have emerged – PayPal’s (NASDAQ: PYPL) Venmo, Zelle, and Square’s (NYSE: SQ) cash app. In this episode of Industry Focus: Financials, host Shannon Jones and Fool.com contributor Matt Frankel discuss the three industry leaders and how their surge in popularity could translate into big profits in the future.

Transcript

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0:00.0	Support for Industry Focus comes from our friends at Rocket Mortgage by Quick and Loans,
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0:35.0	com slash fool.
0:37.0	Welcome to Industry Focus, the show that dives into a different sector of the market every day.
0:45.0	It's Monday, September the 3rd and I'm your host Shannon Jones.
0:48.9	On today's financial show we're talking about the wallet of the future, peer-to-peer payments.
0:54.8	The top mobile players within the space, what they do, how they make money, and how the bigger
0:59.6	money-making opportunities could still be ahead for these popular platforms.
1:05.0	To tackle this subject and more, I'm joined by Financial's Guru,
1:09.0	certified Financial Planner, and peer-to-peer payment late adopter, Matt Frankle.
1:15.2	Matt, how are you?
1:16.9	Very good.
1:17.9	How are you?
1:18.9	I am doing well.
1:19.2	I am on the men recovering from a bad case of allergies but hopefully with rain
1:25.4	coming through that should all change here in the next couple of days.
	...

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