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US mobile banking service Zelle takes on cash

More than 30 US banks have teamed up to create the new network, and are throwing their combined weight and marketing power behind it

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Zelle is a digital payments network that lets people send money instantly through participating banks' mobile apps.

THE days of cash as king may be a step closer to ending. After six years of laying a foundation, major banks are ready to introduce Zelle, a digital payments network that will allow people to send money instantly through participating banks' mobile apps.

But it faces competition. Since

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