Knowledge Content

Instant is the new norm of today’s connected, digital economies. Customers expect no different from their payment services. In addition to meeting consumers’ rising expectations, the banking industry is facing mounting pressure from governments to create a ubiquitous payments system that can be used by all financial institutions. Across the world, this is catalyzing the growth of immediate payments. Many countries are investing in faster payment rails to reap efficiency benefits from immediate transfers and to exploit new opportunities arising from an on-demand, always-on 24/7 digital economy.