I don’t know for sure. But I do know that Zelle is the banks’ collective response to venmo.
Comment on Many such cases
tiramichu@lemm.ee 2 months agoThen 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.
LodeMike@lemmy.today 2 months ago
Soulfulginger@lemmy.world 2 months 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