Tag: Native

Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

The U.S. banking industry’s answer to Venmo has now arrived. Starting this month, a new, person-to-person payments network called Zelle will roll out to the over 86 million mobile banking customers here in the U.S., promising a faster form of digital payments compared with apps like PayPal, Venmo, Square Cash, and others. Instead of transfers taking place overnight or after a couple of days, Zelle users can move funds from one bank to another in a matter of minutes.

Pandora raises $480M from SiriusXM, sells Ticketfly to Eventbrite for $200M

Troubled streaming music service Pandora has finally found a white knight of sorts to boost it with a cash injection as it looks to improve its business: SiriusXM has just announced it will be investing $480 million in cash into publicly traded Pandora, which will give the satellite radio company around 16 percent ownership of Pandora on an as-converted basis. Along with this, Pandora has offloaded a large asset: it’s selling Ticketfly, the ticketing service that it acquired in October 2015 for $450 million, to Eventbrite for $200 million.

Apple legalizes and taxes in-app tipping for content creators

Apple has activated a new revenue stream that could foster communities of digital content creators around the world like those already thriving in China. Apple’s newly published update to its App Store policies officially designates voluntary tipping via virtual currency as in-app purchases that Apple taxes 30 percent. By taking tipping out of the grey area, more app developers might institute digital tip jars as an alternative way to get creators paid without having to offer ad revenue sharing.