New York – Instant payments adoption is accelerating—and payments are getting bigger. In Q2 2025, the RTP® network, the largest instant payments system in the United States operated by The Clearing House that averages 1.18 million payments each day, processed $481 billion in payments, a 195% leap in value from the previous quarter. What’s behind the surge? Businesses and financial institutions are embracing larger, faster transactions, thanks to the network’s increased transaction limit of $10 million, introduced in February. 

This upgrade has transformed how money moves. From real estate deals to portfolio transfers and complex B2B payments, the RTP network is now handling major transactions with instant speed and guaranteed settlement. The result? The average payment size skyrocketed from just $842 in January to more than $4,000 by June, a 376% increase. 

More than 300,000 businesses are tapping into 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,” said Jim Colassano, Senior Vice President of RTP Business Product Management at The Clearing House. “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.” 

It’s not just the value that’s rising. Transaction volume also climbed 8% in Q2, reaching more than 107 million payments, which equates to 98% of instant bank-to-bank payments in the United States. Key drivers included account-to-account (A2A) 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. Over 1,000 banks and credit unions are now live on the platform, a 51% increase year-over-year. Financial institutions are joining the RTP network to retain customers, boost deposits, and reclaim payment flows in an increasingly competitive landscape.  

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About The Clearing House 
The Clearing House operates U.S-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation’s most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. In 2017, The Clearing House revolutionized U.S. payments by introducing the RTP® network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. Learn more at?www.theclearinghouse.org. 
 
Media Contact: 
Greg MacSweeney 
The Clearing House 
212-612-9282 
Gregory.MacSweeney@theclearinghouse.org