Zopa is banks most threatening non bank

Zopa beats PayPal, Wal-Mart, Vodafone and Prosper as the biggest threat to banks across the world. Social lending pioneer Zopa (uk.zopa.com) is delighted to announce it has just scooped a major international award from the retail banking industry by being voted as their “Most threatening non-bank competitor”.
Zopa won the award ahead of an impressive list of runners-up including PayPal, Wal-Mart, Vodafone and Prosper. The awards were run as part of the 26th Retail Banker International Forum 2008 event. Douglas Doulton, CEO of Zopa said: “This is a very gratifying award to win, especially ahead of such big brands and one of our Social Lending competitors in the USA. Zopa has won a number of major awards from the banking industry now, so clearly we’ve made them look up and take notice. Once we get more of their customers to see the better deals that Social Lending can offer, and the refreshing difference that borrowing and lending with other people can be, these awards may seem rather ironic!”