January 29, 2018Blog Posts

U.S. banks’ Venmo alternative, Zelle, moved $75B last year, says 100,000 people enroll daily

Mobile Payments Today:

Early Warning said the $75 billion was an increase of 36 percent year-over-year from 2016’s totals of $55 billion when Zelle was previously known as clearXchange. The Zelle network processed more than 247 million payments in 2017, an increase of more than 45 percent YoY on the 170 million transactions processed in 2016.

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