Zelle Payments: 🏦 How Banks Quickly Built a Competitive Solution to Venmo
Zelle is a United States-based digital payments platform owned by Early Warning Services, a private company owned by Bank of America, BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank and Wells Fargo. Alex details how around banks were able to quickly bring Zelle to scale through a JV approach resulting in a Venmo competitor with 50 partner banks and much higher volume.
How Big Banks Agreed to Co-Invest in Zelle: www.applicoinc.com/blog/how-traditional-competitors-can-achieve-platform-collaboration/
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