Major bank launches ‘instant’ feature affecting millions of customers as CEO says it’s going head-to-head with Venmo ...Middle East

A MAJOR bank with over seven million customers has launched a new instant payments feature. The digital-only bank is taking on services like Venmo and PayPal. GettyVaro has launched a new instant peer-to-peer transfer feature[/caption] Varo Bank has launched a new peer-to-peer transfer feature that makes it easy to send money to friends and family. Known as “Varo to Anyone”, it allows customers to send free transfers to anyone with a US debit card. Unlike other banks, which rely on Zelle to complete instant transfers, the feature from Varo is all done within the app. The transfers have no fees and Varo takes zero commission. “It’s a really secure way of moving money,” Va

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