Zelle noted the highest amount sent through a person’s payment service within a year in 2024, the Zelle was over a trillion in 2024. The platform also strengthens the role of significant growth, consumers and small enterprises in transaction and user admission.
Zelle, 151 million users account, said that there are 16 million in the previous year. The volume of operation increased by 25%, 3.6 billion, and the total dollar amount sent to the platform more than 27%. The fourth quarter of 2024 was the strongest in the history of Zelle managed by holiday gifts and lease payments.
“Zelle is a vital tool that is not only a popular way to send money, but a life that makes money moving in America,” said Zelle General Director Denise Leonhard. “It is a peers of peers for millions of hardworking Americans, and this stage is the right to trust in places.
Zelle continues to be a necessary payment solution for small businesses that offer fast and secure transactions. In 2024:
- The 23 million Zelle user paid small enterprises in Q4.
- Small businesses sent more than 500 million transactions or received from 2023 to 32% increase.
- These operations an increase of $ 283 billion, a 32% increase in annual.
Small business owners receive immediate access to the fuel work to get a payment to Zelle quickly and compensate the seller’s remains.
Zelle has expanded to more than 2,200 financial institutions, public banks and credit unions to more than 95% of financial institutions. Many of these institutions serve the bank communities belonging to the villages and minorities where the options of financial services are limited. According to a study of Zelle users:
- 74% of respondents said Zelle had a positive impact on their perception of their banks.
- One of the three users, if the current bank refuses the service, Zelle said they would go to the financial institution.