4 charts, Member Exclusive

4 charts on Zelle outperforming Venmo in the U.S. immigrant community

  • Niche populations turn to different financial products and services to handle their needs.
  • P2P payment leaders Zelle and Venmo are both popular with immigrants to the U.S.
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4 charts on Zelle outperforming Venmo in the U.S. immigrant community

Immigrants struggle with access to the financial system. Often, they cobble together piecemeal solutions to help with their specific needs. They turn to payment firms like Zelle and Venmo to help them move money around to friends and family.

Zelle is more popular than Venmo with immigrants in the U.S.. 2.3x more immigrants use Zelle over Venmo, according to research from immigrant lender, Stilt.

 


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