Real-Time Payments Reach Key Milestones in the U.S., Switzerland and Australia

Real-Time Payments World Map

Real-time payments are advancing worldwide, with the U.S. FedNow® Service reaching 900 participating FIs, Switzerland launching a second instant payments network, and Australia unveiling a new real-time cross-border payments collaboration. This edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the latest developments driving the global expansion of real-time transaction networks and capabilities.

Inside the September World Map

FedNow® Service in the U.S. recently marked its first anniversary with a roll call of more than 900 participating financial institutions (FIs).
The Swiss National Bank (SNB) has officially launched real-time payments, leveraging a technical framework developed in partnership with SIX Interbank Clearing in November 2023.
Australia is expanding its real-time payments landscape through a new cross-border payments collaboration between BNY and Commonwealth Bank of Australia (CBA).