Zelle Network, a payment network that enables email and phone payments, processed over 170 million person-to-person payments in 2016, according to real-time payment service provider Early Warning Services. The transactions add up to $55bn in total value. In the US, there are more than 100 companies offering mobile money services, including Apple Pay, Google Wallet, Samsung Pay and PayPal.
Zelle Network, a payment network that enables email and phone payments, processed over 170 million person-to-person payments in 2016, according to real-time payment service provider Early Warning Services. The transactions add up to $55bn in total value. The Zelle Network includes 20 banks and credit unions and could reach about 85 million consumers in the US through its partners’ banking apps.