Pidgin, a secure, real-time payments platform built for the future of payments, announced it has reached a major milestone, with 100 financial institutions now using its platform to deliver instant payment services to their customers and members. This achievement underscores Pidgin's position as a leading provider in the expanding instant payments industry, representing the largest market share of U.S. financial institutions.

Since its establishment in 2022, Pidgin has experienced extraordinary growth, evolving from a startup with just three pilot clients to serving 100 financial institutions, representing a remarkable 3,166% growth trajectory. The company was among the first service providers to become certified on the Federal Reserve's FedNow Service, completing comprehensive testing and certification programs ahead of the service's July 2023 launch.

"Reaching 100 financial institution clients represents more than just a number; it validates our vision of making instant payments accessible, secure, and seamless for financial institutions of all sizes," said Abhishek Veeraghanta, founder and CEO of Pidgin. "From our early days as FedNow pioneers to becoming a trusted partner for banks and credit unions, we've remained focused on empowering financial institutions to deliver the real-time payment experiences their customers demand."

Pidgin's rapid client acquisition has been fueled by strategic partnerships and industry recognition. The company serves as a preferred partner with ICBA Payments, the payments subsidiary of the Independent Community Bankers of America, enabling community banks nationwide to access instant payment capabilities. Additionally, Pidgin has expanded its reach within the credit union industry through its partnership with Corelation, a leading core processing provider.

The company's industry leadership has been recognized through multiple accolades, including selection for the prestigious 2024 ICBA ThinkTECH Accelerator program and recognition as one of American Banker's Innovations of the Year for 2025.

"Our success stems from understanding that instant payments represent a fundamental shift in how financial institutions serve their customers," said Tim Rozanski, Senior Vice President of Sales at Pidgin. "We've built a platform that not only connects institutions to payment rails like FedNow and RTP, but also provides the tools, security, and support they need to turn instant payments into competitive advantages and revenue opportunities."

Pidgin's comprehensive platform serves financial institutions across multiple instant payment networks, including both the Federal Reserve's FedNow Service and The Clearing House's RTP network. The company's technology stack includes powerful administration portals, user-centric applications, and developer-friendly APIs that enable financial institutions to integrate real-time payments seamlessly into their existing operations.

The milestone comes as instant payments continue to gain momentum across the U.S. financial system. According to industry research, the global real-time payments market was valued at $24.91 billion in 2024 and is projected to grow from $34.16 billion in 2025 to $284.49 billion by 2032, with significant growth driven by the Federal Reserve's Service launch.

"As we celebrate this milestone, we're already focused on the next phase of growth," added Veeraghanta. "The demand for instant payments is accelerating, and we're committed to expanding our platform capabilities and partnerships to serve even more financial institutions while continuing to innovate in this dynamic market."

About Pidgin

Pidgin is an innovative and secure faster payments ecosystem, enabling financial institutions, business owners, and individuals to process transactions quickly and with lower fees. Engineered for the future of payments, Pidgin allows financial institutions to send and receive instant payments while keeping funds within the institution, rather than a third-party holding account. For more information, visit www.pidgin.net or follow Pidgin on LinkedIn.

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Pidgin has reached a major milestone, with 100 financial institutions now using its platform to deliver instant payment services to their customers and members.