The U.S. was slow getting to real-time payments, but the businesses and individuals are taking them up in a big way, using primarily the private sector RTP rails from The Clearing House (TCH). The number of real-time payments and their size of the payments has risen sharply in the last quarter.
TCH which operates the largest instant payments system in the United States said today that it averages 1.18 million payments each day, worth $481 billion, a 195% leap in value from the previous quarter. Since it increased the maximum transaction limit from $1 million to $10 million in February, the average transaction has grown from $842 in January to more than $4,000 by June, a 376% increase.
“We currently have over 30,000 businesses that are originating RTP payments on the network each and every month and over 6 million consumers,” said Jim Colassano, senior vice president of RTP Business Product Management at TCH.
-Tom Groenfeldt, Jul 17, 2025