FinTech Magazine May 2024 | Page 39

ZELLE
TOP 10

08

FOUNDED
Cameron Fowler CEO , Zelle

ZELLE

TRANSACTION VOLUME : US $ 806BN FY 2023 TRANSACTION VOLUME
EMPLOYEES : 1,022
CEO : CAMERON FOWLER ( CEO OF EARLY WARNING SERVICES – ZELLE PARENT )
: 2017
Operated by its parent entity , Early Warning Services – which is owned by major US banks – Zelle was introduced as the replacement for the clearXchange payment platform in 2017 . With Zelle , users can effortlessly transfer funds to friends or family using just an email address or US mobile phone number . This is done directly through a banking application regardless of who a person banks with . With translation processing taking just minutes , Zelle ’ s popularity has only been growing , and today it is integrated with over 2,000 US banking applications .
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