Zelle

Zelle is a U.S.-based digital payment network that facilitates fast and easy money transfers between friends, family, and small businesses directly through participating banking apps. It allows users to send and receive money using an email address or U.S. mobile number, with transactions typically occurring within minutes.

Zelle® is primarily a peer-to-peer money transfer service integrated with various banking apps. It explicitly states that it offers a fast, safe, and easy way to send and receive money between friends and family, directly into bank accounts, typically within minutes, and often without fees. This directly matches the 'Instant P2P Transfers' feature. The website also has a dedicated 'Safety Education' section, emphasizing how to use Zelle® safely and avoid scams, which aligns with 'Fraud Monitoring & Security'. However, Zelle® does not offer a prepaid debit card, early direct deposit, stock trading, or bitcoin trading, which are key 'must-have' features of the Cash App concept. It also lacks features like savings accounts or instant discounts.