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Zelle usage grows, propelled by consumers and small businesses

  • The pandemic acts as a tailwind for digital payments.
  • Zelle, the P2P payment network owned by incumbent banks, is seeing growth in most metrics.
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Zelle usage grows, propelled by consumers and small businesses

The pandemic is proving to be a tailwind for digital payments.

Early Warning Services, the network operator behind Zelle, announced $133 billion was sent through the Zelle Network on 519 million
transactions during the first six months of 2020.

 


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