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Zelle, the U.S. banks’ Venmo rival, will launch its mobile app on Monday

Zelle, the PayPal rival backed by over 30 U.S. banks, is preparing to launch its standalone mobile app on Monday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash, and very soon, Apple’s iMessage, powered by Apple Pay. While banks have… Read
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