Zelle® Money Movement Momentum Continues

Posted by Early Warning on Sep 12, 2017

On September 8th, Early Warning announced momentum within the Zelle Network® including the new Zelle App, which is available today in the App Store and Google Play!

“The mobile experience is evolving making the digital exchange of money more appealing to consumers across all generations,” said Talie Baker, Senior Analyst with Aite Group’s Retail Banking & Payments practice.“P2P is an emerging form of payment and hundreds of millions of consumers will now be able to benefit from a bank-owned network that is providing interoperable mobile P2P payments capabilities.With Zelle, consumers will be able to send and receive payments in real time to nearly any bank account in the U.S. making mobile P2P feel just like cash.”

News Highlights:

  • 100 Million Transactions in 6 months: More than 50,000 consumers are enrolling daily, contributing to more than 100 million real-time person-to-person (P2P) payments, totaling $33.6 Billion, in the first half of 2017
  • 50% average increase in P2P Enrollments: Zelle Network enrollments soar with financial institutions achieving up to a 300% increase in enrollments since June 2017
  • Zelle App Enhances Mobile Banking Experiences: Network expands by offering free Zelle App in App Store and Google Play; allows almost anyone with a Visa or Mastercard debit card issued in conjunction with a U.S. bank account to transact in real-time with participating Zelle Network banks and credit unions.

Currently, Zelle is LIVE in the mobile banking apps of more than 10 banks with new banks and credit unions joining frequently. Enhancing these mobile banking app experiences, millions more now have the opportunity to send and receive money with Zelle through the new mobile app.

Read more about our announcement here.

Find out how to get started and how Zelle can work for you!

 

Topics: Payments, P2P, Faster Payments, zelle

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