Zelle Network , a payment network that enables email and mobile payments , processed over 100 million person - to - person payments in 2016 , according to real - time payment service provider Early Warning Services . The payments add up to $ 55bn in total revenue . The Zelle Network includes 20 banks and credit unions and could reach about 85 million customers in the US through its partners ’ banking apps .
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.