Venmo gets a competitor from U.S. banks via Zelle

Venmo gets a competitor from U.S. banks via Zelle

US banks announced their Venmo competitor. Set to compete against PayPal-owned Venmo, their money-transfer app will be called Zelle. It will launch next year and be built atop the payments networks of the nation’s biggest banks, including Chase, Citi, and Bank of America.

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