The 2023 Association for Financial Professionals (AFP) Real-time Payments Survey, underwritten by The Clearing House, finds that adoption and implementation of real-time payments varies across organizations based upon revenue and size. Overall, though, by 2028, over three-fourths of organizations expect to be using real-time payments for both sending and receiving payment transactions.

Key findings:

• Respondents consider the lower cost of transactions to be a key benefit of real-time payments.
• Over three-fourths of respondents regard transparency to be an important feature of real-time payments.
• Practitioners cited system development as the most common hurdle faced when considering adopting real-time payments.

AFP thanks The Clearing House for its support of the 2023 AFP® Real-time Payments Survey.

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Questions about this subject?
Contact Tom Hunt, AFP's Director of Treasury Services.