DUBLIN–(BUSINESS WIRE)–The “Innovation in Instant Payments” report has been added to ResearchAndMarkets.com’s offering.
Instant payments are an innovative payment infrastructure that modernizes payment systems and enables transactions to be settled within 60 seconds.
Although it is a natural alternative to card payments, its impact on payment card markets varies per region. In Asia, mobile wallets are built directly on instant payments infrastructure, which makes them more suited for retail transactions. This approach has led to rapid adoption of the technology by both merchants and consumers.
In Western countries, instant payments are only available through banking apps, which limits their usage to account-to-account transactions. Countries that have a well-established instant payment infrastructure are now focusing on driving the interoperability of their platforms with other countries.
In this report, through various case studies we explore domestic instant payment platforms across a number of countries. We also explore developments in terms of cross-border instant payment interoperability, including the benefits and challenges of establishing such links.
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Reasons to Buy
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Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e1pf80
Source: GlobalData
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