Bank of America: Zelle Volumes Surge 25% Year Over Year

Bank of America’s digital evolution continues.The company posted December quarter results that showed digital volumes are on the upswing, as active digital users topped more than 46 million, up 4.5% from a year ago.Digital “sales” as a percent of total sales came in at 49%, per the company data.P2P volumes through Zelle gained 25%, to $101 billion.Erica active users and interactions were up a respective 12.1% to 18.5 million and 16% to 170 million.Delving into overarching spending and savings trends, BofA’s ...