Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal
The Zelle icon is displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesZelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform.The firm said Wednesday that its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.Last year's payment volumes were "by far the most money ever moved ...
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