back Back

Varo Bank now offers Zelle in its mobile banking app

By Edlyn Cardoza

November 21, 2022

  • Digital Payments
  • Early Warning Services
  • Financial Institutions
Share

Varo Bank, Zelle, Techbank, Mobile Banking, Financial Institutions, USAVaro Bank — the first all-digital, nationally-chartered U.S. consumer built from the ground up techbank — announced that it will offer Zelle in its mobile banking app. Zelle is a safe way to send and receive money with friends, family, and small businesses you trust.

“Adding Zelle® to our product lineup is our bank charter in action,” said Colin Walsh, Founder and CEO of Varo Bank. “We are excited to welcome millions of Americans to access Varo’s full range of benefits on our modern, secure, digital banking platform that now includes the ability to quickly send and receive money.”

Varo is one of the first techbanks to offer Zelle in its app without the need to partner with a bank, solidifying Varo as a technology leader in digital banking. Eligible Varo customers can now use Zelle in the Varo app as a fast, free, and secure way to send and receive money between people they know and trust with a checking or savings account. The addition of Zelle opens the door to the 90 million people in the U.S. who are driving the growth of digital banking, including those with limited or inconsistent access to traditional financial institutions.

“Today, more than 150 million people have access to Zelle® directly through their banking app with no additional downloads necessary,” said Kash Baghaei, Chief Product Officer of Early Warning Services, LLC, the network operator of Zelle. “Varo Bank customers will now have a way to send money to friends, family and others they trust, whether they need to pay back a friend for dinner, split the cost of rent with a roommate, or pitch in for a group gift.”

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast and easy for money to move. The Zelle Network connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people and businesses they know and trust with a bank account in the U.S.

Previous Article

November 21, 2022

ZSuite Tech raises $11m Series A funding round

Read More
Next Article

November 21, 2022

TIS launches domestic payment orchestration program

Read More








IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

Digital Payments

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

Today

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Today

Nium expands Middle East presence with Enjaz Banking Services partnership

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023