
Fintech
How FedNow Settles Instant Payments in Master Accounts, Now Capped at $10 Million
The Federal Reserve's instant rail settles in central bank money around the clock, with network limits raised to $10 million effective November 12, 2025.
Fintech examines firms operating between banks and end users: wallets, lenders, orchestration layers and embedded finance providers. Coverage assesses unit economics, sponsor bank dependency, and what happens when a partner withdraws. Aimed at operators, investors and bank partners evaluating whether a model works without subsidy.

The Federal Reserve's instant rail settles in central bank money around the clock, with network limits raised to $10 million effective November 12, 2025.