Zelle Has Monumental Year, Effectively Competes Against Venmo

Peer-to-peer payment platform Zelle had a strong 2019, handling $187 billion worth of payments via 743 million transactions last year. Data also showed that year-over-year payment values increased by 57 percent, while transaction volume increased by 72 percent. The platform also reported its Q4 2019 results, which revealed it had processed 230 million transactions, leading to $56 billion in money sent — an increase of 14 percent and 17 percent quarter-over-quarter, respectively...