Search
 

CU Tech Hub

Analysis

Real-Time Payment Systems Up Globally, North America Still Lags: FIS Report

“Consumers and businesses globally are demanding faster payments, and more countries and financial institutions are hearing the call ..."

Expansion of real-time payment systems. Expansion of real-time payment systems. (Source: Shutterstock)

The number of real-time payment systems in use around the world increased 35% over the past year, and nearly four times since 2014, according to new research released by FIS.

FIS, the Jacksonville, Fla.-based provider of technology solutions for merchants, banks and capital markets published its “Flavors of Fast” report, which presents data on the global adoption of real-time payments. FIS identified 54 countries with active real-time payment programs, up from 40 in 2018. Leading contributors to this increase were new programs launched in Asia and the expansion of Europe’s Single Euro Payments Area Instant Credit Transfer scheme.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

More from this author

Dig Deeper

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.