This month's Quarterly Review highlights Denise Leonhard, Zelle's GM, who emphasizes the company’s strategy to surpass $1 trillion in transaction volume. With half a trillion dollars transferred in H1 2024 and a significant year-over-year increase, Zelle is not only expanding its transaction capabilities but also enhancing consumer experience and security. The company is actively engaging with financial institutions to increase its network, which currently comprises over 2,200 banks and credit unions. These developments position Zelle as a leading platform for secure peer-to-peer payments among Americans.
Our goal is to continue that trajectory and surpass $1 trillion in transaction volume by the next edition of The Quarterly Review.
We aim to be the largest and most secure platform for Americans to send money to people they know and love, and small businesses they trust.
Expanding the number of banks on the Zelle network is a specific angle of growth we are prioritizing in 2025.
Zelle's report noted a 27% increase in transaction volume YOY, highlighting the quick expansion of the Zelle network.
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