Zelle Volume Heads Towards $1 Trillion, As Banks’ Cash App Spreads To Small Business Payments
SOPA Images/LightRocket via Getty Images Bank customers used Zelle to transfer $806 billion in 2.9 billion payments last year, up 28% in both dollar value and transaction volume from 2022, as use of the payment app by small businesses spread. Zelle was launched by the big banks in 2017 to compete with peer-to-peer payment services …