article thumbnail

RTP® Network Doubles Volume in 18 Months, Surpassing 1 Billion Transactions and Driving U.S. Payment Innovation

Fintech Finance

This extraordinary increase reflects the growing demand for faster, more transparent, and always-available payment solutions from consumers, businesses, and the financial community. January 31, it also set new single-day records for payments volume (1,592,419 transactions) and value ($1.44 billion).

RTP 59
article thumbnail

RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

The results suggest larger transaction limits are helping to boost instant payment demand. Nearly half (47%) of US banks now experience overwhelming corporate demand, more than triple the 16% from 2024. Banks are now bracing for a 23% increase in instant payments volumes over the next three years.

article thumbnail

dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

This transition also aligns with observed user behavior, as a significant portion of dtcpay’s transaction volume already comes from stablecoins, based on one year of transaction data. This surge highlights the increasing demand for stability and reliability in digital payments.

article thumbnail

Payment Processing USA: 2024 Market Overview

Clearly Payments

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6

Process 105
article thumbnail

Crypto Trading Volumes Hit Record $68.3 Billion On Monday

PYMNTS

Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 billion, Reuters reported. The surge shows how strong trading has been lately, according to Reuters. Bitcoin reached $34,800 on Sunday (Jan. investors got into the mix, Reuters reported.

Volume 131
article thumbnail

Stripe’s Total Payment Volume Reaches $1.4t as Long-Standing Investments in AI Pay Off

Fintech Finance

trillion in total payment volume in 2024, up 38% from the prior year, and equivalent to around 1.3% Stripes growth to date is evidence of the intense market demand for programmable financial services. The post Stripes Total Payment Volume Reaches $1.4t of global GDP. The associated transformation is still early.

Volume 52
article thumbnail

What’s Fueling Southeast Asia Fintech Golden Age?

Fintech News

A growing young and middle-class The second driver Southeast Asia’s fintech boom is the regions growing tech-driven youth and middle class, two demographics that are fueling demand for digital-first financial services. Southeast Asia’s youth, aged 15 to 34, account for over a third of the population.

FinTech 117