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Fee processing platform Zelle shut down its standalone software Tuesday, redirecting customers to banks and credit score unions providing its companies as an alternative.
When trying to register to the app, customers are met with a message stating it is “no longer available for sending and receiving money.”
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“You will be able to log in until August 11, 2025,” the pop-up continues, “but not send or receive money. To continue using Zelle®, please enroll through one of the more than 2,200 mobile banking apps that offer Zelle®.”
The Zelle app’s hallmark money switch companies shut down Tuesday. (Thiago Prudencio/SOPA Photographs/LightRocket by way of Getty Photographs / Getty Photographs)
Actually, it was the prevalence of banks and credit score unions providing Zelle’s companies on their very own platforms that drove customers away from the standalone app, the corporate famous in an Oct. 31 launch — and that was the explanation they elected to drag the plug on it for good.
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Regardless of not being usable for its main perform — monetary transactions — the Zelle app stays out there and accessible. Nevertheless, it is going to be spending the remainder of its lifespan as a shopper training platform and listing of banking apps that provide its companies.
Zelle shows a word redirecting customers to their monetary establishments’ on-line banking platforms upon sign-in. (Screenshot)
Launched in 2017, Zelle shortly turned one of many largest payment-processing apps available on the market, with a person base north of 143 million individuals.
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Most of those customers, who already entry Zelle by way of on-line banking platforms, might be unaffected by the app’s shutdown, the corporate famous within the October launch.
