Zelle is shutting down its app, but you probably don’t need to worry

According to a company, Zelle, according to a company, closes its independent application on Tuesday Blog Post.

This news may be concerned if you are on top of the 150 million customers In the US using Zelle for identity. However, only 2% of transactions occur through Zelle’s application, so the company also stops itself.

Most consumers then enter Zelle through banks, then allow them to send money to telephone connections. Zelle users who rely on the negotiation application will be re-registered through another financial institution.

Given the smaller user base of Zelle, the company intends to decide to get rid of this – the protection of an application is required for time and money, especially people’s financial information.

squeak Started in 2017 Support from 30 banks to be more effective alternative to Venmo. In Venmo, users can receive payment to their Venmo wallet, but if you do not want to wait a few days for the transit for transaction, you will have to pay a fee for an immediate information. Because Zelle has ties with banks, it was able to offer immediate transfers without filling extra payments.

Zelle said they were sending users in 2024 $ 1 trillion In payments, break the record of any other payment application. It can be the case because consumers use Zelle for greater payments as rent. On the other hand, on the other hand, a friend is designed for more social use as you pay a friend.