The RTP Gold Rush: 10 FedNow Predictions

The United States’ long-awaited real-time payments (RTP) system, FedNow, is due to launch any day now. The availability of instant money transfers has huge potential to impact virtually all players in the economy, from financial institutions and corporate giants to online shoppers, small business owners and employees.

We in the US are late to the RTP game, and can learn a lot from other countries’ experiences. However, the US has a uniquely fragmented banking landscape, with plenty of other payment methods currently dominating the payments landscape. So how will the FedNow launch affect US payments? Which use cases will gain the most traction? How are financial institutions (FIs) and startup disruptors rising to the occasion and filling in those critical gaps? Where do the economic opportunities lie?