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Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

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Summary
Nutrition label

82% Informative

Zelle crossed $1 trillion in total volumes last year , which it said was the most ever for a peer-to-peer platform.

The payments network said its user base jumped 12% to 151 million accounts in 2024 .

Zelle was launched in 2017 in response to the rise of platforms like Venmo , PayPal and CashApp .

VR Score

87

Informative language

88

Neutral language

45

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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