The Federal Reserve Bank of Richmond published Economic Brief No. 26-28 on August 26, benchmarking US fast payment adoption against global peers. Combined FedNow and RTP usage reached just 0.12 monthly transactions per capita in Q1 2026, compared with 35 in Thailand and 27 in Brazil.
FedNow had 1,725 participating financial institutions by Q1 2026, representing 19.7 percent of US banks and credit unions. RTP, operated by The Clearing House, processed 128 million quarterly transactions at an average value of $3,750.