Kenya is known as the home of mobile payment system M-Pesa, and it is also one of the few African countries to have made significant headway in the development of a national real-time payment network. The country’s PesaLink instant payments scheme was first launched in...
As digital payments and the need for faster and more efficient financial transactions grow in popularity, countries and regions around the world are accelerating the adoption of real-time payment systems. In Europe, for example, real-time payments have seen historic growth in recent years, with European...
Real-time payment systems have become increasingly popular around the world due to the rise of digital payments and the need for faster and more efficient financial transactions. Some of the most exciting and interesting use cases have been in Japan, Kenya, Italy, Malaysia, and Mexico...
Scandinavian countries are some of the most technologically advanced in the world, including in the area of real-time payments. Take Norway for example. The Nordic country launched real-time payments back in 2013, several years before the introduction of the pan-European SCT Inst payments scheme (also...
As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told PYMNTS that the issues are now front and center — and payments as a service can help alleviate pain points....
The real estate industry heavily relies on legacy payment methods for their business-to-business (B2B) transactions, but that is beginning to change. PYMNTS’ latest research reveals that nearly 90% of real estate firms in the United States say their vendor and supplier partnerships are very or...
Americans pay trillions of dollars in bills each year, but this everyday process is far from seamless. A PYMNTS study found that 52% of consumers encountered at least one pain point when it comes to bill pay, such as missing payment features or a lack...
As European Union countries have leveraged preexisting economic relationships to offer quick and seamless cross-border payments across the region, real-time payment adoption has seen historic growth in recent years. Germany, the continent’s largest economy, also leads in real-time payment transactions, with daily volume averaging 1.2...
Consumers are eager to banish the uncertainty of legacy bill payment processes, Conduent’s Kathy Mertes explains, adding that real-time payments offer consumers a more accurate view of their financial circumstances.
