Global Real-Time Transactions Expected to Hit 575 Billion by 2028

The Real-Time Payments World Map

Real-time payments continue their global sweep, with over 266 billion transactions recorded worldwide in 2023, a 42% year-over-year increase, and even more growth forecasted for the foreseeable future. In the U.S., as the latest “Real-Time Payments World Map,” a collaboration with The Clearing House, explores, some banks are slow to meet customer demand for real-time options, but JPMorgan is piloting a new real-time service that could soon benefit its 60 million retail clients.

Inside the June World Map

A new report shows that more than 266 billion real-time transactions were recorded worldwide in 2023, a 42% year-over-year increase.
A recent survey of banking officials reveals that two-thirds of U.S. banks have yet to enroll in the RTP® network or FedNow® Service, despite roughly 63% of corporate bankers reporting demand for instant payments from corporate clients.
JPMorgan Chase & Co recently introduced a pilot for a new real-time payment service that could soon benefit its 60 million retail clients.