PYMNTS-MonitorEdge-May-2024

real time payments

Real time payments – also known as realtime payments, instant payments or immediate payments as electronic retail payment solutions that are available 24/7/365.

Wirex Plans Decentralized Autonomous Organization for WPay Platform
Wirex Plans Decentralized Autonomous Organization for WPay Platform
April 09, 2024  |  Digital Payments

Wirex says it is creating a decentralized autonomous organization (DAO) for its payment platform WPay. The project is designed to give users the opportunity to play a...

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Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
Kyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
April 08, 2024  |  Partnerships

Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain...

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Managed Services Give Banks End-to-End Look at Real-Time Payments 
Managed Services Give Banks End-to-End Look at Real-Time Payments 
April 05, 2024  |  Real-Time Payments

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in...

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New Data Shows Real-Time Payments Continue Rapid Global Advance
New Data Shows Real-Time Payments Continue Rapid Global Advance
April 05, 2024  |  News

Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to...

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RTP Network Reports 15% Growth per Quarter Since 2019
RTP Network Reports 15% Growth per Quarter Since 2019
April 04, 2024  |  Real-Time Payments

The Clearing House’s RTP® Network has seen growth in both transaction volume and value in 19 out of the last 20 quarters, dating back to 2019. Both...

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Trustly and Cross River Bank Find Success With Instant Payment Adoption
Trustly and Cross River Bank Find Success With Instant Payment Adoption
April 04, 2024  |  Real-Time Payments

Trustly and Cross River Bank have expanded their collaboration in instant payments to include the FedNow® Service. With this addition, Trustly’s merchants will benefit from new capabilities to optimize...

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Millennials Need for Speed Spikes Instant Payouts
Millennials Need for Speed Spikes Instant Payouts
April 04, 2024  |  Disbursements

The popularity of instant payouts has grown in recent years. In 2017, only about 4% of disbursements were paid instantly; as of January, 32% of...

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Paypal and Venmo Begin Offering Visa+ P2P Payments
Paypal and Venmo Begin Offering Visa+ P2P Payments
April 02, 2024  |  Payment Methods

Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in...

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PhonePe and Mashreq Partner to Enable UPI Payments in UAE
PhonePe and Mashreq Partner to Enable UPI Payments in UAE
April 01, 2024  |  Partnerships

Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions...

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