Displaying 1 - 10 of 114 Low Value Real Time Payments blog posts
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How to Deliver on the Promise of End-to-End, Global Real-Time Payments [Q&A]
Monday, October 19, 2020 Craig Ramsey to Low Value Real Time Payments, High Value Real Time PaymentsTraditionally, Sibos has been focused on high-value cross-border payments, but – as with so much of 2020 – times are changing. High- and low-value cross-border payments are converging, and the rich-data standards that are emerging for real-time payments will further accelerate this trend. The big challenge will be, how do we deliver on the promise of end-to-end, global real-time payments?
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The Two Sides of Payments Modernization in Asia: Real-Time and Financial Inclusion
Wednesday, October 14, 2020 Leslie Choo to Low Value Real Time Payments, Consumer PaymentsHome to nearly 60 percent of the world’s population, as well as some of the most dynamic and diverse markets, the Asia-Pacific (APAC) region plays a critical role in shaping the world economy. The diversity of the region is also evident in its payments landscape, with almost every country forging its own path towards payments modernization.
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Central Infrastructure for Real-Time Payments: Overcoming the Final Hurdle [Mastercard Q&A]
Monday, October 05, 2020 Craig Ramsey to Low Value Real Time Payments, High Value Real Time PaymentsThe modernization of cross-border payments has brought transparency, certainty and speed to international business. However, the long-term success of new innovations, such as SWIFT gpi and Universal Confirmations, hinge upon real-time, end-to-end, data-rich transaction flows.
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Could COVID-19 Be India’s Cashless Catalyst?
Tuesday, September 22, 2020 Somya Patnaik to Low Value Real Time Payments, Omni CommerceIndia’s push towards a digital economy has accelerated over the years, with a supportive regulatory environment, home-grown technologies and innovation around digital infrastructure improving “last mile” connectivity to the remote towns and rural areas of the country. While the “Digital India” drive has been consistent, the COVID-19 pandemic has brought out the true value of digitization for businesses and consumers alike. It is a watershed moment and has fast-tracked the pace of digital adoption, particularly for payments, which now plays a critical role in economic recovery.
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The Nordics’ P27 Initiative: Payments in Uncharted Waters
Wednesday, September 16, 2020 Katrin Boettger to Low Value Real Time PaymentsThe advance of real-time payments around the world seems unstoppable, with 45 schemes currently live and a further 13 (at the time of writing) in the planning stages. In Europe, the Nordics’ P27 initiative – the world’s first integrated multi-country, multi-currency, real-time payments platform spanning Denmark, Finland, Sweden and Norway – promises to make headlines as it takes payments into uncharted waters.
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How Southeast Asia’s Banks Can Remain Competitive and Profitable in a Real-Time World
Wednesday, September 09, 2020 Leslie Choo to Low Value Real Time PaymentsCross-border payments across Southeast Asia are shifting as market dynamics, increased competition and increasingly demanding customers drive rapid change. As payment systems are modernized and the market evolves, banks and governments must stay on top of these trends.
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The Benefits of Open Banking for LATAM
Wednesday, September 02, 2020 Luis Bastidas to Low Value Real Time PaymentsThanks to customer demand and regulations on how customer data can be gathered and used, open banking has seen rapid growth throughout the world. The EU and U.K. have been leading forces in the implementation of open banking, while countries such as Canada, New Zealand, Hong Kong and Japan have been quick adopters.
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Brazil’s Digital Payments Transformation: Five Key Takeaways
Monday, August 10, 2020 Vlademir Santos to Payments and Industry Trends, Low Value Real Time PaymentsBrazil has abundant growth opportunity when it comes to digital payments, with PIX – the Central Bank of Brazil’s new instant payments system – expected to have a significant impact. This was evident during a recent webinar Digital Transformation into Payments, hosted by Mercado & Consumo em Alerta and featuring experts from Getnet, Pernambucanas, Conductor and ACI.
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Southeast Asia’s Domestic Payments Infrastructure Has Laid the Foundation for a Cross-Border Real-Time Network
Thursday, August 06, 2020 Leslie Choo to Low Value Real Time PaymentsOver the past decade, economies across Asia have been on the path to payments modernization, upgrading and replacing domestic payments infrastructure to make payments cheaper, faster and better. While the focus has been on domestic gains, this has set the foundation for a broader, cross-border real-time network – especially in Southeast Asia.
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Could the Right Use Case Push the U.S. Over the Edge of Real-Time Payments Adoption?
Monday, July 27, 2020 Bridget Hall to Low Value Real Time PaymentsNew York City, while a world leader in countless ways, has only just made it possible to access the subway with contactless technology. Something a commuter in London, for example, has taken for granted for many years. While America’s tech companies, manufacturers and retailers have been constantly modernizing, the country’s payment methods and habits lag behind much of the rest of the world.