April 24, 2019
Early Warning Services LLC, the network operator of Zelle, said that $39 billion was sent over the P2P payment service during the first quarter on 147 million transactions, representing a 54% increase in transaction values at and 72% gain in transaction volume, compared with the year-ago period.
"This past quarter, Zelle achieves several milestones towards our goal of national ubiquity," Lou Anne Alexander, group president, payment solutions at Early Warning Services, said in an announcement. "Our core processor partners have achieved tremendous results, signing more than 130 banks and credit unions in Q1."
During the first-quarter of 2018, the company reported $25 billion moving through Zelle on 85 million in transactions.
Alexander said the company also launched a marketing campaign focusing on everyday case uses for Zelle.
Topics: Bill Payment, Mobile Apps, Mobile Banking, Money Transfer / P2P, Trends / Statistics
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