Zelle to enter India before end-2025, targeting US-India remittance corridor
Early Warning Services-owned Zelle, which moved $1.2T in 2025, plans an India launch before year-end to plug into the US-India remittance flow. It also unveiled ZelleUSD, a dollar-backed stablecoin, to enable cross-border settlement via partner banks including BofA, JPMorgan and Wells Fargo.
What happened
US peer-to-peer payment service Zelle will expand to India before year-end, targeting the US-India remittance corridor. It also unveiled ZelleUSD, a
Key facts
- $1.2 trillion sent via Zelle in 2025
- 23 billion UPI transactions in May
- ₹29.9 trillion ($313 billion) UPI value
- 720 banks on UPI
Why this matters
Zelle's pre-2025 India launch with BofA/JPM/Wells partnerships signals urgent need to evaluate remittance corridor partnerships or stablecoin settlement tie-ups before incumbents consolidate.