Real-time payments (RTP) and FedNow are rapidly reshaping the U.S. banking ecosystem. In just two years, the number of participating financial institutions has surged from 350 to nearly 1,500. In Q1 2025 alone, over 100 million RTP transactions were processed, moving $163 billion. Meanwhile, FedNow, though newer, handled $49 billion across 1.3 million transactions.
This whitepaper explores the state of instant payments in 2025, the critical role of interoperability and ease of use, and the infrastructure challenges facing financial institutions today. It also highlights key data points and technology enablers helping banks meet growing demand.
In this whitepaper, you'll learn:
How RTP and FedNow adoption is transforming the U.S. banking landscape
Key metrics driving urgency, from transaction growth to business adoption
The importance of readiness: QR standards, customer experience, and limits
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