US peer-to-peer payment app Zelle is set to grow beyond its current network of 50 financial institutions following a partnership with IBM. The deal means any bank using Big Blue's Financial Transaction Manager will have access to Zelle's service, enabling their customers to send and receive money in 24-48 hours, compared with the minutes it takes rivals. During Q3 2017, Zelle signed up an average of 65,000 users per day and enabled 60 million payments worth $17.5bn.
US peer-to-peer payment app Zelle is set to grow beyond its current network of 50 financial institutions following a partnership with IBM. The deal means any bank using Big Blue's Financial Transaction Manager will have access to Zelle's service, enabling their customers to send and receive money in minutes, compared with the 24-48 hours it takes rivals. During Q3 2017, Zelle signed up an average of 65,000 users per day and enabled 60 million payments worth $17.5bn.