real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

FedNow Scheduled to Launch In July
FedNow Scheduled to Launch In July
March 16, 2023  |  Faster Payments

The Federal Reserve has a launch date for its long-awaited payments service FedNow. The U.S. central bank announced Wednesday (March 15) that the service will...

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Spring Cleaning for Alternative Banks as Crypto-Friendly Signature Bank Closes 
Spring Cleaning for Alternative Banks as Crypto-Friendly Signature Bank Closes 
March 13, 2023  |  Digital-First Banking

Crypto’s founding premise was to de-bank the world and remove third-party risk. Now, the digital asset industry is finding itself the one unbanked, as financial...

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South Africa Claims Real-Time Payments Progress With PayShap
South Africa Claims Real-Time Payments Progress With PayShap
March 13, 2023  |  Faster Payments

South Africa’s central bank says the country is closer to “a more accessible national payment system.” That’s due to the Monday (March 13) launch of...

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Latin America Is Becoming an eCommerce Paradise, but Companies Need a Guide
Latin America Is Becoming an eCommerce Paradise, but Companies Need a Guide
March 13, 2023  |  eCommerce

Still considered an emerging collection of economies, Latin America has nevertheless taken a lead in aspects of the digital transformation of payments, in some ways...

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Bank of Egypt Ups Withdrawal Limits for Instant Payments
Bank of Egypt Ups Withdrawal Limits for Instant Payments
March 12, 2023  |  Real-Time Payments

Egypt’s central bank has increased the amount of money that can be withdrawn via payment service providers. The Central Bank of Egypt (CBE) said last...

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India’s UPI Success May Chart Path for Real-Time Payments in the US
India’s UPI Success May Chart Path for Real-Time Payments in the US
March 07, 2023  |  Faster Payments

India’s United Payments Interface (UPI), the real time payments system, is showing explosive growth. And the tailwind to digital payments adoption, along with linkages to...

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2023 Is the Year Banks Commit to Instant Payments
2023 Is the Year Banks Commit to Instant Payments
March 06, 2023  |  Opinion

Banks, credit unions, banking platform providers, FinTechs and others involved in the payments process must commit to implementing real-time payments, Rusiru Gunasena, SVP of RTP...

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Baltics Accelerate Real-Time Adoption Amid Faster Payment Headwinds in Europe
Baltics Accelerate Real-Time Adoption Amid Faster Payment Headwinds in Europe
March 05, 2023  |  Real-Time Payments

The Baltic region, with a population of over 6 million, has grown into a thriving FinTech hot spot in Europe and a regional frontrunner in...

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AI Critical to Making Business Payments Faster and Safer
AI Critical to Making Business Payments Faster and Safer
March 03, 2023  |  B2B Payments

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster,...

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