Zelle Shuts Down Standalone App, Impacting Cash Transfers
Zelle, a prominent player in the digital payment sector, has announced the closure of its standalone app, marking a significant shift in how users will conduct cash transfers. The decision, effective immediately, means that users can no longer send or receive money directly through the Zelle app. Instead, they must rely on Zelle's integration with partner banks and financial institutions to continue using the service.
The move has sparked a wave of reactions from users and industry analysts alike. Many users expressed frustration over the sudden change, citing the convenience of the standalone app. Financial experts suggest that Zelle's strategy might be aimed at strengthening its partnerships with banks, potentially enhancing security and user experience through these established channels.
This development comes at a time when digital payment solutions are increasingly vital, with more consumers relying on apps for everyday transactions. The shutdown of Zelle's app could push users towards alternative services like Venmo or PayPal, or encourage them to explore other banking apps that offer similar functionalities.
Detailed Digital payment company Zelle closes standalone app
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Did Zelle shut down its app?
Zelle is shutting down its standalone app. Zelle, the popular person-to-person money transferring service, shut down its standalone app Tuesday — but the service itself is not disappearing. Zelle had warned of the shutdown last year, explaining in an announcement that only 2% of transactions happen on its app.
When is Zelle shutting down?
What is happening? More than 2,200 banks and credit unions across the U.S. now offer Zelle® through their mobile app or online banking site. As a result of this growth, in October of 2024, we announced that we are removing the ability for users to send or receive money using the Zelle® app starting April 1, 2025.
Was Zelle shut down?
Zelle has shut down its standalone app but, despite this change, consumers can still conduct digital transactions. https://www.fox10phoenix. com/news/zelle-app-ends-how-to-send-money- online?
Is Zelle an app?
Launched in 2017, Zelle quickly became one of the largest payment-processing apps on the market, with a user base north of 143 million people.