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OPN Featured in Q2 White Paper: "Developing Your Instant Payment Send Strategy"
We’re excited to share Open Payment Network’s (OPN) recent feature in Q2’s white paper updating the industry on instant payment advancements in the U.S.
The report highlights the swift expansion of The Clearing House’s Real-Time Payments (RTP®) network alongside the Federal Reserve’s FedNow® Service. Currently, RTP connects over 750 financial institutions (FIs), covering roughly 70% of U.S. bank accounts and processing close to a million transactions daily. Since its 2023 debut, FedNow has added more than 1,000 institutions. Industry experts anticipate a major increase in instant payment adoption by 2025, with transaction values projected to rise by 289% between 2023 and 2030.
