Real-Time Payments Statistics
Last updated: 2026-10-28 · 10 sourced statistics
Instant payments in the US are growing quickly from a small base. The Federal Reserve's FedNow Service settled 6.4 million payments worth $370.9 billion in the third quarter of 2026, up 27.6% in volume on the previous quarter. The Clearing House's RTP network, which launched in 2017, carried 150 million transactions worth $621 billion in the same quarter. The UK shows what a mature system looks like: Faster Payments processed 5.5 billion payments worth £4.8 trillion in 2025. Each figure below links to the operator's own statistics page, with the exact quarter or year. For a supplier, the practical point is that an instant payment only works if both the payer's and the payee's banks take part in the same network.
Key takeaways
- FedNow volume rose 27.6% quarter on quarter to 6.4 million settled payments in Q3 2026, after 8.4 million in all of 2025.
- FedNow is used for large transfers: the average payment was $58,161 in Q3 2026 and $101,435 across 2025.
- RTP is larger by volume: 150 million transactions worth $621 billion in Q3 2026, and 447 million worth $1.45 trillion in 2025.
- RTP lets participants send up to $10 million per transaction and had over 1,378 participants as of September 2026.
- UK Faster Payments processed 5.5 billion payments in 2025, up 9.0%, worth £4.8 trillion, up 14.0%.
At a glance.
Every figure on this page in one table, each linked to its named source. Scroll down for the full context behind each number.
| Figure | What it measures | Source | Year |
|---|---|---|---|
| 6.4M | The FedNow Service settled 6,376,467 payments in Q3 2026, up 27.6% on Q2 2026, an average of 69,309 payments a day. | Federal Reserve Financial Services, FedNow Service Volume and Value Statistics (updated 20 October 2026) | 2026 |
| $370.9B | FedNow payments settled in Q3 2026 were worth $370.9 billion, up 35.0% on the previous quarter, with an average value of $58,161 per payment. | Federal Reserve Financial Services, FedNow Service Volume and Value Statistics (updated 20 October 2026) | 2026 |
| 8.4M | In 2025, FedNow settled 8,413,402 payments worth $853.4 billion, an average of $101,435 per payment. | Federal Reserve Financial Services, FedNow Service Volume and Value Statistics (annual table) | 2025 |
| 150M | The Clearing House's RTP network carried 150 million transactions totalling $621 billion in Q3 2026. | The Clearing House, RTP network page (Q3 2026) | 2026 |
| $1.45T | The RTP network settled 447,207,091 payments worth $1.45 trillion in 2025, up from 342,638,985 payments worth $246.4 billion in 2024. | The Clearing House, RTP Annual Statistics | 2025 |
| 1.8B | Since its launch in 2017, the RTP network has cleared and settled over 1.8 billion transactions worth over $3.6 trillion, with an average daily value of $6.9 billion as of September 2026. | The Clearing House, RTP network page (September 2026) | 2026 |
| $10M | RTP participants can send up to $10 million per transaction, and the network had over 1,378 participants as of September 2026. | The Clearing House, RTP network page (September 2026) | 2026 |
| 5.5B | UK Faster Payments processed 5.55 billion payments in 2025, up 9.0% on 2024, worth £4.84 trillion, up 14.0%. | Pay.UK, Annual Summary of Payment Statistics 2025 | 2025 |
| +10.8% | Single immediate payments, the one-off transfers within UK Faster Payments, grew 10.8% to 4.74 billion in 2025, worth £3.45 trillion. | Pay.UK, Annual Summary of Payment Statistics 2025 | 2025 |
| £1M | UK Faster Payments allows payments of up to £1,000,000 to be received, normally within seconds, 24 hours a day, 365 days a year; it had 47 directly connected customers at the end of 2025. | Pay.UK, Annual Summary of Payment Statistics 2025 | 2025 |
The statistics
The FedNow Service settled 6,376,467 payments in Q3 2026, up 27.6% on Q2 2026, an average of 69,309 payments a day.
FedNow payments settled in Q3 2026 were worth $370.9 billion, up 35.0% on the previous quarter, with an average value of $58,161 per payment.
In 2025, FedNow settled 8,413,402 payments worth $853.4 billion, an average of $101,435 per payment.
Source:Federal Reserve Financial Services, FedNow Service Volume and Value Statistics (annual table)2025
The Clearing House's RTP network carried 150 million transactions totalling $621 billion in Q3 2026.
The RTP network settled 447,207,091 payments worth $1.45 trillion in 2025, up from 342,638,985 payments worth $246.4 billion in 2024.
Source:The Clearing House, RTP Annual Statistics2025
Since its launch in 2017, the RTP network has cleared and settled over 1.8 billion transactions worth over $3.6 trillion, with an average daily value of $6.9 billion as of September 2026.
Source:The Clearing House, RTP network page (September 2026)2026
RTP participants can send up to $10 million per transaction, and the network had over 1,378 participants as of September 2026.
Source:The Clearing House, RTP network page (September 2026)2026
UK Faster Payments processed 5.55 billion payments in 2025, up 9.0% on 2024, worth £4.84 trillion, up 14.0%.
Source:Pay.UK, Annual Summary of Payment Statistics 20252025
Single immediate payments, the one-off transfers within UK Faster Payments, grew 10.8% to 4.74 billion in 2025, worth £3.45 trillion.
Source:Pay.UK, Annual Summary of Payment Statistics 20252025
UK Faster Payments allows payments of up to £1,000,000 to be received, normally within seconds, 24 hours a day, 365 days a year; it had 47 directly connected customers at the end of 2025.
Source:Pay.UK, Annual Summary of Payment Statistics 20252025
When these numbers don't apply
Aggregate statistics hide a lot. Read these caveats before quoting a figure as if it describes your specific situation.
- FedNow and RTP count different things in different ways: FedNow reports settled customer credit transfers on calendar days, and RTP reports transactions and value on its own pages. Compare trends within each network rather than reading the two as one market total.
- Average values are skewed by a small number of very large transfers. FedNow's average payment of $58,161 in Q3 2026 does not mean a typical payment is that size.
- Payment limits and bank participation change often; the limits shown are network maximums as stated by each operator on the review date.
- UK Faster Payments figures include standing orders and forward-dated payments as well as single immediate payments, so the total is broader than instant person-to-person or business transfers.
- Same Day ACH is not a real-time payment: it settles in batches on the same business day. It is covered on the ACH payment statistics page.
How we compiled this data
Reviewed on 2026-10-28. We kept only figures we could open on the operator's own pages that day: the Federal Reserve's FedNow volume and value statistics (last updated 20 October 2026), The Clearing House's RTP network page and RTP annual statistics page, and Pay.UK's Annual Summary of Payment Statistics 2025. Earlier figures attributed to an ACI Worldwide report landing page, a Banco Central do Brasil page and an undated FedNow participant count were removed because the linked pages did not state them, and the Same Day ACH figure was left to the ACH payment statistics page. The BIS CPMI's 2026 cross-border brief was checked but gives no fast-payment figures.
We hand-collected each figure from its original publisher rather than recycling secondary round-ups, cross-checked the headline numbers against the source documents in 2026-10-28, and link every statistic to the report it came from so you can verify it yourself. Where a publisher issues annual updates, we cite the report edition and flag the year inline.
Frequently asked questions
How many payments does FedNow process?
FedNow settled 6,376,467 payments worth $370.9 billion in Q3 2026, up 27.6% in volume on Q2 2026. In 2025 as a whole it settled 8,413,402 payments worth $853.4 billion.
How big is the RTP network compared with FedNow?
Much larger by volume. RTP carried 150 million transactions worth $621 billion in Q3 2026, against FedNow's 6.4 million payments worth $370.9 billion. FedNow's average payment is far larger.
What is the maximum real-time payment?
The RTP network allows up to $10 million per transaction, and UK Faster Payments up to £1,000,000. These are network maximums; check what your own bank supports.
How widely are instant payments used in the UK?
UK Faster Payments processed 5.55 billion payments worth £4.84 trillion in 2025, including 4.74 billion single immediate payments.
Is Same Day ACH a real-time payment?
No. Same Day ACH settles in batches on the same business day, while FedNow, RTP and Faster Payments process each payment individually, with funds normally available within seconds.
Put these figures to use
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