As someone not from the US I knew of zelle but never used it, and believed it was a direct competitor to Venmo or PayPal.
The reason I thought it was its own thing was because it has it’s own app, and a catchy silicon valley startup type name, and a brand logo and all of that.
Contrast that to the UK where the ability to send free person-to-person payments has been integrated directly into the banking system for decades, and does not have it’s own brand, or app or anything.
Zelle actually got rid of its app and is now incorporated directly in the banking apps themselves. It’s kind of like a browser extension where it has its own section in the banking app
tiramichu@lemm.ee 1 month ago
That’s just a different third party, though.
LodeMike@lemmy.today 1 month ago
No? Is it? Isn’t Zelle just like a directory?
tiramichu@lemm.ee 1 month ago
Then I think I was wrong, and you are right.
As someone not from the US I knew of zelle but never used it, and believed it was a direct competitor to Venmo or PayPal.
The reason I thought it was its own thing was because it has it’s own app, and a catchy silicon valley startup type name, and a brand logo and all of that.
Contrast that to the UK where the ability to send free person-to-person payments has been integrated directly into the banking system for decades, and does not have it’s own brand, or app or anything.
Soulfulginger@lemmy.world 1 month ago
Zelle actually got rid of its app and is now incorporated directly in the banking apps themselves. It’s kind of like a browser extension where it has its own section in the banking app
LodeMike@lemmy.today 1 month ago
I don’t know for sure. But I do know that Zelle is the banks’ collective response to venmo.