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- $119 Billion in payments and 433 million transactions processed in 2018.
- $35 Billion in payments and 135 million transactions processed in Q4 2018.
- Strategic core processor partnerships led to more than a hundred Community Banks and Credit Unions joining the Zelle Network® in the year’s final quarter.
Early Warning Services, LLC, the network operator behind Zelle, today released the results of its second Digital Payments Adoption Study (“study”).
- The More the Merrier—81% of Consumers Surveyed Have Given Group Gifts.
- Money is the #1 Preferred Holiday Gift.
- Across Generations, More Gen Z'ers (66%) Prefer Money as a Gift Followed by Millennials (61%).
Year-over-year payment values increased by 58%; Year-over-year transaction volume increased by 73%.
Year-over-Year transaction values increased by 56%; Year-over-Year transaction volume increased by 71%.
Zelle® named Official Partner of The Basketball Tournament.
Physical distancing requirements continue to drive strong adoption of Zelle, with enrollment growing 17% over the prior year.
- $133 Billion sent on 519 million transactions in the first six months of 2020.
- Consumers use Zelle to share costs for utilities, pay rent, give gifts, send charitable donations, and money to friends and family in need as well as receive disbursements.
- Seven financial institutions, reaching approximately a third of the small businesses in the U.S., now enable their small business customers to accept payments with Zelle.
- Third Quarter Growth: $84 billion in payments processed on 323 million transactions during Q3 2020; growth of 18% and 17%, quarter-over-quarter, respectively.
- Small Business: $4.5 billion in payments were sent to U.S. small businesses in Q3, an increase of more than 30% from the prior quarter.
Due to recent economic and societal changes, there has been an increase in consumers leveraging Zelle for everyday essentials such as paying back neighbors for groceries, reimbursing friends and family for canceled events, and sending money to loved ones in need.
Zelle®, in partnership with EVERFI, the leading social impact education technology company, today launched “Money Moves: Modern Banking & Identity ProtectionTM”.