Real-time payments aren’t only getting off the ground in more markets across the globe, but they’re also gaining traction in B2B payments — an ecosystem once assumed to be off-limits for instant transaction functionality. The previous line of thinking had been that businesses don’t want...
Real-time payments is making headway for corporate end users in this week’s Payment Rails Innovation Roundup. While J.P. Morgan debuts its new real-time payment service for corporates, on the other side of the world, Azupay loops into Australia’s New Payments Platform for Xero’s small business...
Demand for faster payments has been increasing worldwide as consumers and businesses seek more convenient services. Central banks and payment systems operators are catering to these needs by launching real-time payment systems that settle transactions within seconds, helping businesses get paid faster and allowing consumers...
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, faster payment rails. That includes advancements in Canada’s upcoming Real-Time Rail, as well as adoption by Transcard of Mastercard’s Track Business...
September 24, 2018
Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce. Still, even in this digital world, where everyone and everything is connected via mobile, going global can be tough for a company looking to expand its operations abroad. Payments […]
September 26, 2021
Wise, a digital money transfer platform, is joining Australia’s New Payments Platform (NPP) in a move designed to let transfers be settled in the country quicker and at less cost, Reuters reported. Wise will become a direct participant and shareholder in the NPP, CEO Kristo Käärman told Reuters. Joining the NPP will let Wise reduce […]
August 21, 2019
A recent PayID data breach reported to Australia’s New Payments Platform (NPP) has prompted banks to issue warnings to customers, FinTech Extra reported on Wednesday (Aug. 21). Aussie financial institutions...
May 17, 2019
The Reserve Bank of Australia (RBA) has sent a warning to major banks that its slow progress in implementing the New Payments Platform (NPP) has hindered the system’s benefits, and...
August 30, 2018
The Reserve Bank of Australia had an outage Thursday (Aug. 31) that lasted around three hours and impacted payments throughout the market. According to Reuters, the Reserve Bank of Australia...
