Venmo, Zelle and Cash App are tops in mobile peer-to-peer payments: A Foolish Take

Millennials have it so easy… not so long ago you'd see a group of people in a restaurant doing some ridiculous math equation to split a bill, but now there's apps like Venmo that make everything much much easier. A user receives funds from a friend for Burning Man festival expenses via Venmo. More Americans are paying each other via mobile apps than ever. From 2018 to 2021, the total value of mobile peer-to-peer (P2P) transactions in the U.S. could rise from $156.49 billion to $244.03 billion, according to eMarketer. The firm also recently identified the three leading apps in that market: PayPal's (NASDAQ: PYPL) Venmo, Square's (NYSE: SQ)Cash App, and Zelle.