Zelle Expands to More Than 100 Million Users | #zelle #chase #banking #payments #digitalmoney
Zelle, the popular peer-to-peer payments service, has expanded to more than 100 million users. The company announced the milestone on Tuesday, and said that it is now available at more than 1,000 financial institutions.
Zelle allows users to send and receive money instantly using just a mobile phone number or email address. The service is free to use for most users, and it is available 24/7.
The expansion of Zelle comes at a time when digital payments are becoming increasingly popular. In 2022, digital payments accounted for more than 70% of all payments in the United States.
Zelle is one of the leading players in the digital payments space. The company has processed more than $300 billion in payments since its launch in 2017.
The expansion of Zelle is a sign that the company is committed to growing its business. The company is also planning to launch new features in the coming months, including the ability to send and receive money internationally.