Target and Walmart, among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. The system may eventually shorten the lag time between when a shopper...
November 10, 2022
Card payments, as ubiquitous as they may appear, are actually not the preferred payment method in certain markets. Take the case of Nigeria, for example. According to Lagos FinTech firm TeamApt, account transfers represented over 80% of all business transactions in August 2022, compared to a meager 18% for card payments. This, according to Felix […]
