Zelle money movement momentum continues
Since June 2017, Zelle Network Banks and Credit Unions have seen up to 300% increases in new customer enrollments. An average of more than 50,000 new consumers enroll with Zelle daily. These consumers join a person-to-person (P2P) payments network already poised to reach more than 86-million consumers through the mobile banking apps of Zelle Network participant banks and credit unions. Currently, Zelle is LIVE in the mobile banking apps of more than 10 banks with new banks and credit unions joining frequently. Enhancing these mobile banking app experiences, next week millions more will have the opportunity to send and receive money with Zelle through a new mobile app, from bank-owned technology company and operator of the Zelle Network, Early Warning Services. The app goes live in the App Store and Google Play on September 12.
“Together with our bank and credit union partners we set out to make it easy, fast, and safe for consumers to send and receive money from almost anyone,” said Paul Finch, CEO of Early Warning Services. “Our partners are revolutionizing banking, reducing friction from finance, and making it convenient to send money in the moment. The Zelle App is a perfect complement to the network banks and credit unions as it allows their customers to reach millions more with the power of Zelle.”