We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

J.P. Morgan Delivers Real-Time Payments to PayPal

Updated December 16, 2019

J.P. Morgan is delivering Real-Time Payments (RTP) on a large scale in the marketplace. In 2017, J.P. Morgan was one of the early adopter banks to go live with Real-Time Payments in the U.S. on The Clearing House’s RTP® network. Since then, the team has refined the offering through client pilots, to design curated solutions.

This year, PayPal went live with J.P. Morgan’s RTP offering in both the U.S. and Europe, the latter through SEPA Instant, enabling their users to have immediate access to their money. After initiating a transfer on the RTP network from PayPal to their account (s) with another bank that is a part of the RTP network, a PayPal customer will be able to access their funds within seconds.* Previously, a PayPal customer needed to wait one day, or sometimes up to a few days (i.e., holidays and weekends), to transfer their funds from their balance with PayPal into an eligible bank account.

PayPal already enables their customers in the U.S. to instantly transfer funds from their balance with PayPal to their eligible debit cards and facilitates an instant transfer to bank service in the U.K. The addition of SEPA Instant is another step towards offering real-time payments around the globe. With Real-Time Payments, processing is instantaneous and enables immediate availability of those funds any day of the week – it’s a true 24x7 offering.

“PayPal recognized J.P. Morgan’s early investment in Real-Time Payments and through conversations, saw the advanced stage we were at and our vision for the future,” says Roberta Burke, J.P. Morgan Treasury Services Corporate Sales for TMT, West Coast.

In April 2019, J.P. Morgan became the only bank in the world with RTP capabilities in three major currencies and markets: USD, GBP and EUR and all via a single API (Application Programming Interface). “Our market-leading position in this space helped to secure our offering with PayPal for Real-Time Payments, expanding upon our existing relationship,” says Burke.

In the past few months, processing volume has soared and isn’t slowing down. “In the fourth quarter of 2018, we were processing six US Real-Time Payments per day,” says Shahrokh Moinian, head of EMEA Wholesale Payments. “With increasing adoption and the introduction of SEPA Instant, our expectations for 2020 are that we will manage well beyond four million transactions per month across the markets.” PayPal will contribute to this growth.

To hear more about how PayPal users are benefiting from Real-Time Payments visit PayPal’s blog.

Advancing Real-Time Payments

Since we launched Real-Time Payments, business-to-business vendor payments have emerged as a popular potential use case. Corporate clients can use ERP and treasury management systems (TMS), to make payments.

As a leader in the industry, J.P. Morgan is collaborating with various businesses and our clients to drive the industry towards real-time.

Key Facts about J.P. Morgan Real-Time payments:


The market is moving towards real-time with the need for a 24x7 available experience. We invested early in RTP with a new core payments platform and are driving the payments industry towards real-time.

Market Leadership

We are leading the market in terms of volume growth and client adoption. In about one year, we went from launching RTP to rapidly approaching 1 million transactions a month.

Worldwide Real-Time Capabilities

In April 2019, we became the only bank in the world with all three (USD/GBP/EUR) Real-Time Payment capabilities.

*Transfers from PayPal typically occur in minutes and vary by bank; debit card transfers may take up to 30 minutes. Eligible debit cards or bank accounts only. Limits and other holds may apply. Instant Transfers to bank and debit cards come with a 1% per transaction fee capped at $10. Fees are subject to change.