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It will make Venmo/Zelle obsolete as banks will offer fast transfers natively. So no need for another app just for transferring money. However Venmo does have
by pm90 4y ago
It will make Venmo/Zelle obsolete as banks will offer fast transfers natively. So no need for another app just for transferring money.
However Venmo does have a nicer UX so customers will likely stick around since its “fun”.
- Consultant32452 4y agoMy credit union is integrated with Zelle. I had to go through a special process to do straight ACH transfers, they kept wanting to direct me to Zelle but I need to regularly do transfers beyond the Zelle limit (business payments). If this all works it will be an interesting culture shift.
- mellavora 4y agoYes, because "transferring money" is a CORE BUSINESS FUNCTION of banks! Major step backwards for them to outsource this. Your absolutely right that you should not need another app or service to enable your bank to do its job.