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The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services, which owns and operates the network, said that the number of financial institutions joining Zelle topped 1,800 in 2022 and that 97% of those that joined in the last year have under $10b in assets.
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“The sheer volume sent through our network — more than a trillion dollars in the past two years — shows that consumers and businesses trust Zelle for the financial moments that matter,” Ko said in the release.
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