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What BofA P2P data tells us about Zelle (BAC)

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As digital banking grows at Bank of America (BofA), it’s seeing an uptick in digital peer-to-peer (P2P) payments, which it’s been offering through the Zelle network, an Early Warning-operated bank-based P2P platform, since early last year.

In Q2 2018, BofA saw 35.1 million P2P transactions worth $10 billion, up from 14.5 million and $5 billion, respectively, in Q2 2017. That’s meaningful growth in and of itself, but it also provides read more >>>

Source:: BusinessInsider.Com

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