Early Warning Services (EWS) will expand the Zelle payment network into India later this year. The move targets the U.S.-to-India remittance market, allowing U.S. consumers to send funds directly to recipients in India.
EWS also unveiled ZelleUSD (ZLUSD), a proprietary U.S. dollar-backed stablecoin. This digital asset will serve as the infrastructure for future international payment capabilities in markets beyond India.
A consortium of seven major U.S. banks owns EWS: Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo.