It will exist soon in the US since FedPay was rolled out this year. It will take a while for banks to support it, but my guess is everyone will support it as replacement to ACH.
I don't think Venmo will die since there is a need for app to provide nice interface. But Zelle has been lobbying against FedPay since it will destroy them.
I don't think Venmo will die since there is a need for app to provide nice interface. But Zelle has been lobbying against FedPay since it will destroy them.