“Furthermore, Gmail for iOS has added support for Google Pay. This means users can now send money to “anyone with an email address” directly within the Gmail application. This gives Gmail a leg up on Apple’s own Mail application, which does not support Apple Pay or Apple Pay Cash.”

“In the first quarter of 2018, more than $25 billion moved through the Zelle Network, up 15 percent quarter-over-quarter (QoQ), on 85 million transactions, up 14 percent QoQ. “Zelle^® is replacing cash and checks for sending gifts for birthdays to distributing funds to those in need, changing how money moves safely for millions of consumers,” said Paul Finch, CEO at the bank-owned Early Warning Services – the network operator behind Zelle. “In partnership with each of our participating financial institutions, we are educating consumers while innovating to deliver safe and secure payments.””

“Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. Thousands of new users sign up every day. Some $75 billion zoomed through Zelle’s network last year. That’s more than twice the amount of money that customers transferred with Venmo, a rival money-transfer app. But the same features that make Zelle so useful for customers, its speed and ubiquity, have made it irresistible to thieves. Hackers and con artists have used the system to steal from victims — some of whom had never used Zelle or even heard of it until someone used it to clean out their bank accounts.”