Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal

Zelle payments top  trillion in 2024 as network’s growth outpaces rivals including PayPal


Key Points
  • Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform.
  • The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.
  • Zelle was launched in 2017 in response to the rise of platforms like Venmo, PayPal and CashApp.



Source

Stocks making the biggest moves premarket: AMD, Comerica, Micron Technology & more
Finance

Stocks making the biggest moves premarket: AMD, Comerica, Micron Technology & more

Check out the companies making headlines before the bell: AMD — The chipmaker surged more than 23% following a deal reached by OpenAI and Advanced Micro Devices that could see the ChatGPT parent take a 10% stake in AMD. Comerica , Fifth Third Bancorp — Fifth Third Bancorp announced a $10.9 billion all-stock deal to […]

Read More
Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs
Finance

Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs

ETF Edge Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs Published Sat, Oct 4 202511:00 AM EDT Blair Bao WATCH LIVE Source

Read More
From data to culture: How international brands are trying to crack the code on the fickle Chinese consumer
Finance

From data to culture: How international brands are trying to crack the code on the fickle Chinese consumer

Key Points The allure of the world’s second-largest consumer market is forcing Western companies to adapt in the face of growing competition from Chinese brands. In the last two years, adapting to the local social media ecosystem of Xiaohongshu and Douyin has become a path to quick success, according to Stephy Liu, founder of a […]

Read More