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.

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