The rapid growth of instant payments in the U.S. has captured significant attention across the payments and banking industry. As digital transactions become increasingly integrated into daily life, the estimated value of the instant payments market is set to soar, reflecting both consumer demand for speed and efficiency and the ongoing innovation within financial technology.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report: Movements in Global Commercial Payments and Banking: 2024 Edition
Estimated Value of U.S. Instant Payments 2024-2028
- 2024 – $4 T
- 2025 – $8 T
- 2026 – $16 T
- 2027 – $27 T
- 2028 – $37 T
Estimated value in Trillions of U.S. Dollars
Source: Deloitte Insights and Association of Financial Professionals, 2023
About Report
Global commercial banking and payments are undergoing rapid transformation, spurred by advances in technology, shifting corporate practices, and emerging market trends. Businesses are under pressure to adapt quickly, staying competitive, mitigating risks, and seizing new opportunities. One of the most significant trends is the increasing adoption of instant payments worldwide. As businesses begin to mirror the success of instant payments in the consumer sector, this trend is expected to gain even more momentum.
This report by Javelin Strategy & Research examines these ongoing changes in areas such as cross-border transactions, emerging corporate payment methods, regulatory compliance, anti-fraud efforts, and the prospects for non-systemically important banks. Now is a crucial moment for businesses and their banking partners to adopt modern messaging standards, embrace automation, prioritize sustainability, and more, ensuring they stay ahead in this fast-evolving landscape.
