Goodbye, Zelle App. Here's How to Keep Sending Money Digitally [CNET News]
PayPal Holdings, Inc. (PYPL)
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Source: CNET News
That doesn't mean Zelle itself has gone away. It's only discontinued its standalone app. You can still use Zelle through your bank's mobile app or website if your bank belongs to the Zelle network. You also have plenty of other options for sending money electronically. Here's what you need to know about this change and your options moving forward. Why the Zelle app is shutting down When Zelle launched in 2017, only about 60 US financial institutions offered the service by the end of that year. Today, that number exceeds 2,200. As a result, less than 2% of Zelle transactions occur through the standalone app. Zelle has been phasing out the ability to make transactions on its mobile app since October 2024. "Today, the vast majority of people using Zelle to send money use it through their financial institution's mobile app or online banking experience, and we believe this is the best place for Zelle transactions to occur," Zelle said in an October 2024 press release In December
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- PayPal Moves to Set Up Utah-Chartered Bank to Bolster Payments and Lending [Yahoo! Finance]Yahoo! Finance
- PayPal Submits Applications to Establish an Industrial Bank to Expand Access to Financial Services for U.S. Small BusinessesPR Newswire
PYPL
Earnings
- 10/28/25 - Beat
PYPL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/1/25 - Form 4
- PYPL's page on the SEC website