FedNow aims to increase payment volume

Demand for real-time payments continues to grow around the world, and the Federal Reserve’s real-time payments system, FedNow, launched a year ago, offers a new way to send and receive funds instantly. According to ACI Worldwide’s PrimeTime Report, real-time transactions are expected to reach 575.1 billion by 2028, a compound annual growth rate of 16.7%. (…)