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Zelle Expands to India, Targets Cross-Border Payments
Zelle is entering the Indian market to enable international money transfers, positioning US banks behind Zelle to compete directly with Indian payment leaders such as Paytm and PhonePe. This expansion could shift remittance flows and challenge Indian banks and regulators to adapt to new cross-border payment options. While Zelle is reportedly exploring stablecoin technology for future global transactions, no official launch has been confirmed.