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Zelle is a payments app that lets you send and receive money instantly, without the need for bank transfers.
To send money through PayPal, both parties will need PayPal accounts, which are free and easy to set up through the PayPal website.
Uber said PayPal was buying $500 million in stock at IPO price.
While Amazon does not directly accept PayPal payments, there are various cards you can use with your PayPal account to buy things from Amazon.
PayPal just reported quarterly earnings. While the market reacted negatively, analysts found a bright spot in the company's Venmo segment.
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Payments app Zelle is gaining ground on heavyweight PayPal as fintech apps battle for a piece of a $167 billion market
According to an analysis released by eMarketer in October, mobile peer-to-peer transaction volume is expected to reach $167 billion this year
PayPal beat on both the top and bottom lines in the third quarter. The company's Q4 adjusted earnings-per-share guidance topped estimates.
Walmart and PayPal are joining forces to help some of the most vulnerable Americans manage their money
PayPal customers will be able to withdraw cash from their account at all Walmart stores across the United States starting in early November. This is the first time that PayPal customers have been able to withdraw money from their account at a brick-and-mortar store.
Payments and fintech stocks were among the worst hit in this week's market bloodbath.