Fintech Finance

FEBRUARY 13, 2025

Zelle has announced that in 2024 the network reached 151 million enrolled users and helped American consumers and small businesses send over $1 trillionthe most money ever sent by a person-to-person payments service in a single year. Zelle transactions grew 25% from 2023 to a total of 3.6 billion, a 25% increase from the prior year.

Zelle 86

Zelle Credit Union Scams Small Business 86

Tearsheet

JANUARY 28, 2025

In this edition, we focus on Denise Leonhard, GM of Zelle. Half a trillion dollars were transferred over the Zelle network in the first half of 2024, according to Zelles report in October. This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding.

Zelle 52

Zelle Transactions Credit Union P2P 52

PYMNTS

JANUARY 24, 2019

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. Zelle’s operator, Early Warning Services, reported a Q4 payment volume of $35 billion, which is up 12 percent from Q3 and 61 percent from a year before.

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Zelle Volume Process Venmo 69

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. users by year’s end, behind Zelle’s 27.4 Zelle Bank Gains.

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Venmo P2P Zelle PayPal 71

PYMNTS

MARCH 18, 2019

Now, a decade after its launch, Venmo is sharing the P2P stage with other players, Early Warning Services’ Zelle being the most notable among them. Although only 60 banks and credit unions (CUs) have made Zelle available to their customers, approximately 230 have signed up for the service. billion in assets.

P2P 59

P2P Zelle Security Venmo 59

PYMNTS

AUGUST 10, 2020

In addition, he continued, FIS has brought its first bank onto the platform, and shortly 400 banks will have access to RTP. With the combined exposure through JHA, FIS, Corporate One Credit Union and others, Waterhouse estimated that RTP will reach 70 percent of the financial services market before the end of the year.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

JULY 7, 2017

The new bank partnerships come as the company recently announced new features coming to Apple Pay during its worldwide developers conference in June. With mobile pay, Apple is now directly competing with PayPal, PayPal-owned Venmo, Square Cash and popular bank services like Chase QuickPay and Zelle.

Credit Union 41

Credit Union P2P Online and Mobile Banking Zelle 41