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Zelle to expand peer-to-peer payment
service to India this year
[June 12, 2026]
NEW YORK (AP) — Peer-to-peer payment service Zelle will expand to
India later this year, the payment service's first international market
since the payment service launched nearly a decade ago.
Early Warning Services, the operator of the Zelle network, said it was
choosing India as a “natural starting point” for its international
expansion. Roughly a third of all remittances that are sent to India
each year come from the United States, according to India's central
bank.
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Options to use the Zelle payments network are seen on a mobile banking
app in New York, Dec. 20, 2024. (AP Photo/Patrick Sison, File) |
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Early Warning Services expects to expand to other international
markets. Along with the India announcement, the company said it
will be creating its own U.S. dollar-backed stable coin known as
ZelleUSD that will service a backbone for other international
markets.
Since launching nine years ago, Zelle has become one of the more
popular ways for Americans to send money to others directly from
their bank accounts. Consumers and small businesses sent more
than $1.2 trillion through Zelle in 2025, according to Early
Warning Services.
But Zelle's growth trajectory has not been entirely smooth. The
payment network has faced years of scrutiny over fraud and
unauthorized transfers, including a lawsuit filed by the
Consumer Financial Protection Bureau in December 2024. That
lawsuit was dropped with prejudice in March 2025 after the Trump
Administration took over the bureau and largely dropped all
enforcement actions against any financial companies.
A subsequent lawsuit filed by New York Attorney General Letitia
James with similar allegations is now winding its way through
the New York court system.
EWS is jointly owned by seven of the nation's largest banks,
including JPMorgan Chase, Bank of America and Wells Fargo.
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