The Zelle closes the application standing on Tuesday, according to the company’s blog post. This news may be wondering if you are one of the more than 150 million customers in the US using each other’s payment. But only about 2% of the transactions are performed through the Zelle application, then the company stopped the application standing. Most consumers access the zelle over the bank, who then allows them to send money to your phone contact. The dependent user of the Zelle that stops the stop to register for the service through other financial institutions. Given the basic user of the application in the Zelle, then the company will decide to get rid of the app, the app takes time and money, especially in which people’s financial information involves. The Zelle is launched in 2017 with the backing of 30 banks into a more efficient alternative to Venie. In the Venmo, the user can receive payment in its own Venmo’s wallet, which can be able to deposit into a real bank account – but if you do not want to wait a few days to process, you have to pay a fee to speed. Due to the Zelle connection with the banks, it can offer a quick transfer without chargeing additional charges. The Zelle says that in 2024, users send $ 1 trillion to pay, eliminate other payment application records. This may occur due to consumers tend to use Zelle for larger payments like rent. Venmo, on the other hand, designed for other social uses, like a friend’s reimbursing for dinner.
