Zelle, the popular money-transferring service, has announced it will shut down its app.

Zelle has shutdown its app after revealing only 2% of its transfers occur from the app.

The shutdown will not impact Zelle’s transferring services through users’ own banks.

Currently, over 2,200 banks have adopted Zelle money transferring services.

Here’s what CNN reported:

Zelle, the popular person-to-person money transferring service, shut down its standalone app Tuesday — but the service itself is not disappearing.

ADVERTISEMENT

Zelle had warned of the shutdown last year, explaining in an announcement that only 2% of transactions happen on its app. A “vast majority” of Zelle’s 151 million users now access the service through their own bank’s website or app, and that process will be unaffected.

Affected users who used the Zelle app “should have received messaging about this change through various emails and in-app notifications,” before this week’s shutdown, Zelle said in its announcement. Those users must will re-enroll through their participating bank or credit union app to keep using Zelle’s services.

Zelle launched in 2017 and was created by about 30 banks to rival popular existing payments apps like Venmo, Cash App and Apple Pay.

At that time, Zelle created its own app to provide access for people whose banks didn’t yet participate. But adoption has soared over the past eight years, with more than 2,200 banks and credit unions using Zelle.

Per Fox Business:

Payment processing platform Zelle shut down its standalone application Tuesday, redirecting users to banks and credit unions offering its services instead.

When attempting to sign in to the app, users are met with a message stating it’s “no longer available for sending and receiving money.”

“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®.”

This is a Guest Post from our friends over at WLTReport. View the original article here.
 

Join The Conversation. Leave a Comment.