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Zelle® Moves Record $75 Billion in 2017

Submitted by blaza on Fri, 01/26/2018 - 15:20

Scottsdale, AZ., Jan. 29, 2018Zelle today announced record money movement in 2017 across its payments network, as millions of consumers reduced their dependence on physical checks and cash, and took part in the digital “new way to pay.”

In 2017, the $75 billion moved on Zelle, was an increase of 36 percent year-over-year (YoY) from 2016’s totals of $55 billion when the Zelle Network® was previously clearXchange®. The Zelle Network processed more than 247 million payments in 2017, an increase of more than 45 percent YoY on the 170 million transactions processed in 2016.

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