fromwww.mercurynews.com
7 hours agoZelle plans to expand bank-owned payments network to outside US
Zelle, the bank-owned service that facilitates consumer money movement, said it plans to expand its services internationally. Zelle will rely on stablecoins to enable cross-border money movement, according to a statement Friday from Early Warning Services LLC, Zelle's parent company. All Zelle network banks will have the option to provide the service, according to the statement. Financial-technology firms such as Wise Plc have long operated in the cross-border money-movement space, but the banks' scale gives them an advantage in the crowded market.
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