U.S. Banks Band Up to Try Zelle, a New Real-Time Payments Solution


Zelle, a New Real-Time Payments Solution Gets Good News From U.S. Banks

A new real-time person-to-person payments network dubbed Zelle will see major banks and other financial institutions in the United States sign up in a direct attempt to rival the popular PayPal-owned Venmo platform and catch up with other Fintech startups like Circle.

Fundamentally, the system enables users to send and receive money among each other using an e-mail address or a mobile phone number. Zelle will gain a presence as a public consumer application that will see compatibility among several large and prominent U.S. banks.

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