2021 ACH Transaction Volume
In 2021 the ACH network processed over 29 billion transactions, up almost 10% from 2020. Dollar volume totaled $72.6 trillion, a 17% increase.
In the same time period Visa, the world’s largest card network, processed 165 billion transactions last year worth almost $10.5 trillion.
Much of the volume increase can be attributed to P2P payments with Zelle and Venmo being the major players. Both B2B payments and Healthcare were up close to 20% versus 2020.
Same-day ACH payments enjoyed an almost 75% increase in adoption versus 2020, with debits claiming 55% of the transactions and 40+% of the dollar value..
Same-day ACH is expected to acquire even more momentum in March when a new rule extending the per-payment cap to $1 million will take effect, a 10-fold increase from the current limit. The cap raise move was prompted by requests from banks and is one NACHA expects will continue to ramp up payment volume.
AgilePayments offers elegant ACH API Solutions for platforms looking to leverage the ACH network.