"Zelle, Venmo, and Cash App are simply the way money moves between people now. The combined transaction value across the three networks is well past $1.5 trillion a year. According to Early Warning Services, Zelle alone moved roughly $1 trillion across 2024. PayPal’s 10-K shows Venmo at approximately $293 billion in payment volume that year. Block’s 10-K reports Cash App inflows of roughly $283 billion."