Banks Are Coming Together To Create A New Payment Network That Rivals Venmo

Banks Are Coming Together To Create A New Payment Network That Rivals Venmo
Banks, Insurance & Financial Services

A number of financial institutions are collaborating to make a new person-to-person monetary system called Zelle for their customers

Sara Roncero-Menendez
  • 27 october 2016

There are plenty of apps that allow you to repay friends and colleagues digitally, such as the popular money-sharing service Venmo. J.P. Morgan Chase, Bank of America, Citigroup, PNC, Wells Fargo, and a number of other banks are teaming up to create a real-time payment network of its own.

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