FedNow vs RTP: Can two real-time payments systems coexist in the US market? ~ January 16, 2023 B

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In November of 2017, The Clearing Houseโ€™s RTP network processed the first real-time payments in the United States and has since continued to grow. Today, it has more than 280 participants capable of sending and receiving real-time payments. The system, which supports both payer-initiated payments as well as request-for-payment initiated payments, has seen steady growth, and processed over 45 million transactions for a total value of close to $20 billion USD in the third quarter of 2022.  

RTP_Quarterly_Payment_Activity_4Q22_v2

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