Zelle to expand peer-to-peer payment service to India this year

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.