RTP payments will increase by 94% in 2024

The clearing house’s real-time payments network grew 94% year over year in dollar terms in 2024 as it continued to benefit from the Federal Reserve’s FedNow marketing. According to a January 8 report, TCH will move $246 billion on its network in 2024, with transaction volume reaching 343 million, an increase of 38% year-on-year (…)