Zelle Insights

What is Zelle?

Zelle is a US-based digital payment network that allows users to send and receive money directly between bank accounts. It is commonly used for quick and easy transfers between friends, family, and trusted individuals, often for splitting bills, paying back loans, or sending gifts. The service is typically integrated directly into banking apps, making it convenient for users who already manage their finances online.

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What other technologies are related to Zelle?

Zelle Competitor Technologies

TCH RTP

TCH RTP is a real-time payments system and competes with Zelle in the instant payments space.

mentioned alongside Zelle in 67% (61) of relevant job posts

FedNow

FedNow is a real-time payments service from the Federal Reserve, directly competing with Zelle for instant payments.

mentioned alongside Zelle in 25% (114) of relevant job posts

BillPay

BillPay (typically offered through banks) allows users to pay bills electronically and is a competitor because it offers an alternative way to send money, though it is not P2P focused.

mentioned alongside Zelle in 49% (52) of relevant job posts

ACH

ACH is an electronic funds transfer system and competes with Zelle for transferring money, though it is slower.

mentioned alongside Zelle in 7% (245) of relevant job posts

Wires

Wire transfers are a method of electronically transferring funds and compete with Zelle, especially for larger amounts, though they are typically more expensive.

mentioned alongside Zelle in 12% (109) of relevant job posts

Bill Pay

Bill Pay (typically offered through banks) allows users to pay bills electronically and is a competitor because it offers an alternative way to send money, though it is not P2P focused.

mentioned alongside Zelle in 11% (87) of relevant job posts

Wire

Wire transfers are a method of electronically transferring funds and compete with Zelle, especially for larger amounts, though they are typically more expensive.

mentioned alongside Zelle in 6% (57) of relevant job posts

Fedwire

Fedwire is a real-time gross settlement system and competes with Zelle in the funds transfer space, although generally used for larger transfers between institutions.

mentioned alongside Zelle in 5% (57) of relevant job posts