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

Zelle, U.S. banks’ answer to mobile payment services like PayPal and Venmo, claims that nearly 100,000 consumers, on average, are signing up for its service per day. The company also painted a picture of growing traction, noting it processed over 247 million payments in 2017, an increase of over 45 percent year-over-year, totalling $75 billion in peer-to-peer payments, up from $55 billion the year prior. However, in 2016, Zelle was not “Zelle.” The service was previously called... ... Read the entire article at the source link...

http://codango.com/u-s-banks-venmo-alternative-zelle-moved-75b-last-year-says-100000-people-enroll-daily/

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