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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.

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.).

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