In the second quarter of 2025, the RTP network, an instant payments system operated by The Clearing House, processed $481 billion in payments, a 195 percent rise in value from the previous quarter.
What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, according to The Clearing House, thanks to the network’s increased transaction limit of $10 million, introduced in February.
As a result of the increased limit, the average payment size rose from $842 in January to more than $4,000 by June, a 376 percent increase.
More than 300,000 businesses use the RTP network each month through their financial institutions to power supply chains, pay vendors, settle bills, and streamline merchant payments.
“Businesses are shifting to move money faster, in larger amounts, and with greater control,” The Clearing House’s Senior VP of RP Business Product Management Jim Colassano said in a release. “The surge in high-value transactions shows the RTP network — the leading U.S. instant payments system with a strong growth record — is not just meeting demand, but enabling new opportunities across the payments ecosystem.”
Transaction volume also climbed 8 percent in the second quarter, reaching more than 107 million payments, which equates to 98 percent of instant bank-to-bank payments in the United States. Key drivers cited by The Clearing House included account-to-account transfers, digital wallet defunding, gig economy payouts, and merchant settlement, as payment providers expanded real-time options for consumers and businesses alike.
Meanwhile, the RTP network continues to grow its reach. More than 1,000 banks and credit unions are now live on the platform, a 51 percent increase year-over-year.