In the wake of the Federal Reserve’s FedNow initiative, the global e-commerce landscape is on the cusp of a transformation. With the advent of FedNow, the stage is set for an unprecedented surge in Account-to-Account transactions, fundamentally reshaping the way commerce is conducted on a global scale. This visionary system’s real-time settlement capabilities and instantaneous accessibility have paved the way for an era of convenience and efficiency in digital commerce.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report: The Expanding Role of A2A Transactions
Global A2A Transaction Volume (2021, 2022, 2026 estimated)
- $463B – global A2A transactions in 2021
- $525B – global A2A transactions in 2022
- $896B – global A2A transactions estimated for 2026
Source: FIS Global Payments Report for 2023, Statista 2023, Javelin Strategy Research
About Report
As consumers’ desire for efficient, on-demand, and seamless digital experiences expands, account-to-account (A2A) transactions loom as a contender for their payments. Faster payment rails, including the coming FedNow service, will create new opportunities for use cases across the payments ecosystem.
A2A holds promise for consumers and merchants alike. Consumers can get the kind of high-quality user experiences they crave from restaurant ordering and streaming services, and merchants can cut down on interchange costs by pushing their customers to adopt the payment method.