[bin0]

Venmo and zelle are two apps that allow instant p2p payments. Venmo was first; zelle is the banking sector's answer (a whole bunch of them got together and agreed to support it). Both are widely compatible; zelle has no transfer fees. That sounds just about as good as anything else I've heard of in NZ, and it has the added advantage of having an external competitor (venmo) pushing the banks. In other words, not everything is under one roof, and I believe this will actually drive innovation in the long run.

[wyre]

I'm not familiar with zelle, but I know venmo (and competitors like Cash app) take a business day to transfer the money into your account. Or they can do it faster for a fee.