This is a good thing that Apple is settling and offering this solution rather than fighting it tooth and nail. If somebody wants to trust a company other than Apple with their payments that should be their call. Personally, I much prefer Apple Pay, Apple Pay Cash and Zelle. I have Venmo, but I am not a fan of that service — I only use it because some vendors only accept Venmo. But people should have a choice in these matters — banking is a pretty privacy sensitive thing and different people may put their trust with different services.