Zelle Says It’s Processed 5 Billion Transactions in 5 Years

Digital payments network Zelle has been in a lot of hot water lately over alleged fraudulent transactions and the blame game. While there’s no resolution, one thing is clear: the 5-year-old peer-to-peer (P2P) payments player is operating in the big leagues.  Despite being a relative newcomer to the P2P payments space, consumers and businesses have sent over five billion transactions over Zelle totaling close to $1.5 trillion since the firm launched in 2017, according to a press release on Thursday (Sept. 8).