Orum.io’s Post

The latest FedNow stats reveal that growth is OFF. THE. CHARTS. 📈 👏 From just Q3 to Q4 2024, the number of transactions TRIPLED. 👏 As a startup founder this kind of compounding growth is very exciting - we have all started something meaningful on a small base of customers or volume, knowing that compound growth rates make for escape velocity. It’s yet another proof point that faster payments are at a major inflection point. And when you dig a little into this data, it’s obvious what’s driving it: Faster payments are clearly aligned with B2B use cases, and this is why I love being part of the U.S. Faster Payments Council B2B Workgroup alongside Dean N.. The average FedNow transaction is more than $22,000. That’s about 100x bigger than Zelle, which is probably the closest consumer faster-payments comparison point. These high-value transactions prove what we at ⚡ Orum.io ⚡ have always known to be true: B2B is the unlock, the massive opportunity, the tipping point for widespread adoption of faster payments. I love to imagine if we’d had this kind of data and insight into, say, ApplePay when it was ramping up. Naysayers might have sniffed at it when it was sub-1M transactions a quarter…and look at the ubiquity of ApplePay now. Faster payments like FedNow and RTP have already made incredible progress—but in truth, they’re just getting started. I am beyond thrilled to see the progress spearheaded by the incredible folks at leading the development of FedNow - Mark Gould, Mollie Markham, Daniel Baum and more. The inflection point is now! #FedNow #payments #fintech