Aug 30, 2023
More than 80% of U.S. DDA Accounts Now Include Zelle®; Growth in Minority Depository Institutions (MDIs) Offering Zelle® in Underserved Communities
/PRNewswire/ -- Early Warning Services, LLC, the network operator of Zelle®, today announces its Q2 2023 results—total Zelle transaction volume was 705 million with a value of $197 billion, 10% and 9% quarter-on-quarter growth, respectively.More than 50% of MDI Banks in the U.S. Now Offer Zelle® "At a time when technology is integral to bolstering customer growth, the National Bankers Association prioritizes partnerships with tech providers that strengthen banking services to small businesses and consumers," said Nicole Elam, President and CEO of National Bankers Association, which supports America's minority-owned and -operated banks. "We support the minority banks utilizing the payment platform Zelle® because of their unique role in providing financial services to communities."Now over 2,100 bank and credit union brands offer Zelle® to their customers—consumers and small businesses—representing more than 80% of U.S. deposit accounts. MDI banks on the Zelle Network® increased by 26% year-over-year.