If the gel is your go-to app for digitally transmitting money, it is time to look for a new method. The Digital Payment App has closed on April 1.
This does not mean that you cannot fully use the gel. The gel has just shut down his Standelone app. If your bank is included in the jail network you can still send money using gel. You only need to do this through your bank app or website. You also have to choose other services. Here is what you need to know about this change and your options moving forward.
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Why the jail app is getting off
When the jail was launched in 2017, about 60 US financial institutions provided the service at the end of that year. Today, this number has exceeded 2,200. As a result, less than 2% of gel transactions occur through the Standelone app. Jail has been determining the ability to deal with his mobile app since October 2024.
“Today, a large majority of people using gel to send money are using it through their mobile app or online banking experience and we believe this is the best place for jail transactions,” said Jel October 2024 press releaseThe
In December, the consumer financial protected bureau was in the jail spotlight when the company and three US banks have sued to fail to protect customers from widespread fraud on the peer-to-peer payment network. The case has since Have been droppedThe
Digitally means other means of transmitting money
If you belong to the jail network you can still use the gel through your bank app or website. You can also switch to another digital payment application, e.g.
- Apple Wallet
- Cash app
- Pepper
- Venomo
Take some initial precautions when using jail or any other digital payment service. These apps have begun to block some gel payment for scammers and chase banks that believe that it can be fraudulent. Simply send money to you know and trusting people, and see red flags like urgent messages like an online ad for your bank or concert tickets that seem impossible cheap.