Npp Report Real Time Payments 20 The Next Generation Of Real Time Payments An International Scan
NPP Report: Real Time Payments 2.0 The next generation of real time payments: An international scan
Within the last five to ten years, around the globe instant or real time payments (RTP) have gathered significant momentum. While RTP has been around for over 40 years in various guises, there has been a vast increase in the number of countries and regions implementing it in recent years. There have been many drivers for this increase in adoption: regulatory mandate or regulatory pressure e.g. the European Union; a collective industry decision to innovate e.g. the US; or an upgrade in domestic Automated Clearing Systems that expose the need to develop further payment capabilities.
Ahead of the Payments Innovation Summit 2019 grab a copy of this paper which explores key trends in the global real time payments market, presenting both the opportunities and challenges that may be relevant for the Australian market.
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