Digital payments have become table stakes around the world, with more than $6.6 trillion in digital transactions taking place last year and this sum expected to hit $10.5 trillion within the next four years. These payments are often much slower than other digital facets of customers’ lives, however: While an email can flow from sender to recipient in less than a second, digital payments can still take days to resolve. The introduction of the RTP® network in 2017 was intended to solve this problem, but the program only fully came into its own over the past couple of years amid the pandemic.The Clearing House - Real-Time Payments: 2022 Continues Strong Growth For Real-Time Payments - September 2022 - Discover the growth of real-time payments, what the future holds and how banks, businesses and other firms can encourage real-time transactions in the coming years

The future promises significant growth for real-time payments both in the U.S. and around the world. While just 1.8 billion real-time transactions took place in the U.S. in 2022, real-time transaction volume is expected to hit 8.9 billion in 2026.

Read More