Home » General World News » What BofA P2P data tells us about Zelle (BAC)

What BofA P2P data tells us about Zelle (BAC)





This story was delivered to Business Insider Intelligence “Payments Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here.

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

Comments are closed.