Zelle begins mass-market roll out

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Finextra:

Competition in the market for mobile P2P payments is about to reach boiling point in the US as bank-backed network Zelle begins its roll out to the banking apps of more than 30 participating financial institutions. Changing the way money moves, Zelle allows for funds to be sent from one bank account to another in minutes, using only a recipient’s email address or mobile number. It is the banking industry's riposte to the success of interloping competition from the likes of PayPal-owned Venmo.