Latest news with #RealTimePayments
Yahoo
23-07-2025
- Business
- Yahoo
Real-time payments: The new standard for cross-border finance
Real-time payments (RTPs) are quickly becoming the heartbeat of modern finance. Their promise goes far beyond speed, offering financial institutions unprecedented transparency, lower operational costs, and improved liquidity management. GlobalData research predicts there will be 575.1 billion real-time transactions by 2028 – accounting for 27.1% of all electronic payments globally. This boom signals a dramatic shift in how money moves. For institutions handling cross-border payments, RTPs are becoming the infrastructure standard – a crucial enabler of efficiency, resilience, and inclusion. As financial ecosystems race to deliver seamless services, the institutions that adopt real-time infrastructure will be best positioned to compete, scale, and serve their customers in ways traditional payment rails cannot. Real-time, real-world impact The narrative around RTPs is shifting from domestic convenience to international transformation. In Southeast Asia, cross-border RTP corridors like Singapore's PayNow and Thailand's PromptPay have redefined expectations, enabling consumers and businesses to send funds instantly and securely across borders. India's UPI link-up with the UAE further reflects how real-time connectivity is unlocking new trade and remittance opportunities. These bilateral integrations represent more than technical progress – they show how real-time rails can serve as the foundation for regional economic development. By bypassing correspondent banking chains and reducing reliance on pre-funded Nostro accounts, RTPs reduce settlement friction and cut costs, making payments more accessible for SMEs, diaspora communities, and fintech challengers alike. Beyond transfers, RTPs are also transforming liquidity management. Financial institutions can now optimise cash positions in real time, without waiting for batch settlements or end-of-day reconciliations. This improves capital efficiency and gives even smaller institutions tools once limited to global banks – enabling fairer competition across the board. Three forces shaping the future of RTPs Interoperability and regulatory convergence: Despite the progress, global RTP adoption remains uneven. Differing regulatory frameworks, AML requirements, and data standards often stand in the way of full interoperability. But signs of convergence are emerging. The EU's Instant Payments Regulation (IPR) is pushing institutions to support instant transfers, with the removal of the €100,000 cap in 2025 set to accelerate adoption. In the US, the launch of FedNow is laying the groundwork for more competition and cross-rail integrations. Risk and fraud management: The speed of RTPs introduces a paradox: while faster settlement boosts efficiency, it also reduces the window to detect and prevent fraud. Financial institutions must now pair RTP with advanced fraud analytics – using AI and real-time transaction scoring to identify anomalies before funds clear. Solutions that incorporate behavioural analysis, geo-location triggers, and multi-layered verification are becoming essential. Alternative digital rails: As traditional RTPs scale, stablecoins and blockchain-based systems are emerging as complementary rails. Stablecoins like USDC and USDT provide instant, transparent settlement across borders – with the added benefit of 24/7 availability. As Clear Junction has seen in our own product rollouts, demand for regulated, fiat-backed digital payment methods is rising fast. These tools aren't just for crypto companies anymore – they're becoming mainstream infrastructure for businesses that require speed, visibility, and control across jurisdictions. Unlike RTPs, which typically operate within domestic or regional banking frameworks, stablecoins operate on global, decentralised networks. This makes them especially attractive for international payments that require continuous uptime, predictable settlement speed, and finality. Businesses dealing with round-the-clock marketplaces – such as crypto exchanges, ecommerce platforms, and cross-border B2B services – can benefit from the always-on nature of stablecoins. That said, stablecoins and RTPs are not in competition – they serve different but complementary purposes. RTPs excel in providing structured, regulated, and bank-integrated pathways, often with deeper consumer protections and established dispute resolution mechanisms. Stablecoins, meanwhile, offer programmable capabilities, faster global reach, and operational efficiency, especially in underbanked or high-cost corridors. The real power lies in how these systems integrate. The next generation of financial infrastructure will not rely solely on traditional rails or decentralised alternatives but will combine the best of both. Institutions that embrace hybrid models – using RTP for regulated domestic flows and stablecoins for agile, cross-border liquidity – will gain an edge in both compliance and customer experience. Clear Junction is actively building these bridges, supporting clients who want to offer stablecoin-based services without stepping outside regulatory frameworks. Our infrastructure is designed to enable fiat-to-stablecoin conversion, on-chain settlement, and compliance-aligned transaction monitoring. This gives institutions confidence to operate in the shifting landscape. Why cross-border RTP infrastructure is a competitive advantage Real-time payments are transforming operations and reshaping how financial institutions position themselves globally. In a world where every second counts, speed becomes strategy. With real-time capabilities, institutions can: Serve customers instantly, reducing churn and boosting satisfaction Streamline treasury operations through real-time cash forecasting Support embedded finance use cases with precise, programmable money flows Meet compliance obligations with enhanced transparency and auditability Importantly, RTPs also support financial inclusion. By removing delays and reducing fees, they empower individuals – especially in emerging markets – to participate more fully in the global financial system. Migrant workers, small businesses, and digitally underserved populations all stand to gain from systems designed around instant access and equitable participation. Our role in this evolution is to provide the backbone infrastructure that makes real-time financial services possible – even in markets where traditional players hesitate to innovate. We focus on enabling interoperability, ensuring compliance, and empowering clients with tools that are resilient, scalable, and future proof. From faster payments to smarter financial systems The rise of real-time payments marks a new era in cross-border finance – one where speed, security, and simplicity converge. The institutions that embrace RTP infrastructure today will be the ones leading tomorrow's financial services landscape. We believe that RTP innovation must be both inclusive and intentional. It's not enough to move faster; we must move better – with infrastructure that's transparent, interoperable, and designed to elevate the entire ecosystem. The future of finance is being written in milliseconds, and those ready to operate in real time will shape what comes next. Nina Papazyan, Director of Product and Banking Relationships, Clear Junction "Real-time payments: The new standard for cross-border finance" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Payment Modernisation Is a Priority for 99% of EMEA Banks in the Next Year, Volante Report Reveals
New research from Volante Technologies reveals that replacing legacy systems is an urgent priority among EMEA banks, with institutions committing, on average, nearly $1.5 million to modernisation in the next year LONDON, July 15, 2025--(BUSINESS WIRE)--Volante Technologies, the global leader in Payments as a Service (PaaS), has released the fifth edition of its annual flagship research report, The Big Survey 2025: Modernising Payments. The survey of senior-level banking decision makers from 11 countries across EMEA reveals a near unanimous drive for change: 99% of banks plan to implement a new payments solution—replacing one or more systems—within the year, with over half (52%) aiming to do so in the next six months. Volante found that banks are not only keen to modernise, they are prepared to spend big to future-proof their payments infrastructure. Almost half (49%) of banks surveyed say their budget allocations for payments modernisation have increased over the past 12 months—on average, EMEA banks are planning to spend just under $1.5 million ($1.42 million) on payments modernisation within the next year. Other survey highlights include: Cost efficiency and resilience are top motivators. Nearly one-third (29%) of banks say cost efficiency and operational resilience are the external factors driving modernisation the most, followed by changing customer expectations for real-time payments and competitive pressure from fintechs and neobanks. Vendor selection is a key concern. The biggest concern for banks in modernising payments is choosing the right vendors and tech partners (38%)—above factors like cybersecurity and fraud risks and budget challenges. Banks are still encumbered by legacy systems. Over a quarter of banks (27%) rely on legacy technology for their payments services—either relying on core banking to provide payments, or using a combination of internally built and / or vendor solutions that are 5-10+ years old. The survey also revealed that the majority (58%) of EMEA banks use a hybrid approach to cloud adoption for modernising payments, although a quarter are still exploring cloud options but remain mainly on-premises. However, there is some concern among EMEA banks regarding the process of modernisation. Around a third of banks are concerned about the disruption modernisation may cause, and a similar percentage are worried about the internal skills and knowledge needed to manage the transition. The report notes "the solution to both of these worries is to focus on strategic modernisation: progressing towards modernisation with small, carefully measured steps". It further advises banks that understanding their customers' priorities is important both in setting out their modernisation roadmap and in building a business case for modernisation and ensuring budgets are tactically spent. "The fifth edition of The Big Survey shows banks recognise that modernising payments is crucial to survival in the evolving payments landscape. It's not only market competition and changing customer expectations that are impressing this urgency upon them: 2025 is a pivotal year for regulatory deadlines regarding legislations, such as SEPA Instant Payments and SWIFT ISO 20022," said Vijay Oddiraju, Co-founder and Chief Executive Officer. Oddiraju continued, "The fact that banks are preparing to spend, on average, almost $1.5 million on payments modernisation shows that they understand how important it is to adapt to industry shifts. But the size of such modernisation budgets means banks are, understandably, cautious about their selection of vendors and tech partnerships. For banks, the right partners are ones who will help them modernise their payments while lowering risk, improving ROI, and helping them onboard new clients quickly. PaaS providers who can offer banks such solutions, with technology that is resilient, compliant, and easily extensible, stand to win big as payments enters its next era." Download a copy of the survey, 'The Big Survey 2025: Modernising Payments', here. Notes to editors The survey was conducted by Censuswide in May 2025 on behalf of Volante Technologies. All respondents work in banking roles related to payments, transaction banking, corporate banking and wholesale banking and hold director level or more senior positions with responsibility for selecting payment processing systems. Respondents come from 11 different countries: the UK, Portugal, Spain, Saudi Arabia, UAE, Sweden, Norway, Denmark, Belgium, the Netherlands and Luxembourg. Sample sizes varied across countries. About Volante Technologies Volante Technologies is the trusted cloud payments modernisation partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Real-time native, API enabled, and ISO 20022 fluent, Volante's Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily. Volante's customers include four of the top five global corporate banks, seven of the top ten U.S. banks, and two of the world's largest card networks. Learn more at and View source version on Contacts On behalf of Volante Technologies: EMEAAssyria GravesHard NumbersTel: +44 7507 870214VolanteTech@ AmericasJulian ByrneanthonyBarnumPublic RelationsTel. +1 (512) 665-9258pr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
13-07-2025
- Business
- Finextra
Real-Time Payments and the Future of Cross-Border Transactions: What Businesses Need to Know: By Parminder Saini
Real-time payments (RTP) are speeding up cross-border transactions, reducing processing times from days to seconds. Businesses can now enjoy instant fund transfers, better cash flow management, and improved transparency. With APIs, ISO 20022 messaging, and global collaborations, real-time payments are transforming the way companies operate across borders. Waiting days or weeks for international payments to clear used to be the norm. That's no longer the case. Real-time payments are closing the gap between different economies, with financial activity now moving faster than it ever has. In many cases, the speed of transfers now determines how well a platform performs, how smoothly a sale goes through, or how long a user sticks around. Cross-border transactions were traditionally slow, costly, and opaque. But the rise of real-time payments (RTP) is changing that. With near-instant transfers, standardized messaging protocols like ISO 20022, and fintech-led innovations, businesses now operate in a faster, more transparent financial environment. Real-time settlement across jurisdictions reduces reliance on intermediaries, slashes fees, and strengthens trust. Whether it's B2B payments or gig economy payouts, RTP is the future of global money movement. Digital entertainment platforms that operate outside a user's home country rely on real-time payments to stay competitive. Streaming sites, international gaming platforms, and even gambling platforms have made this shift out of necessity. How Real-Time Payments Are Transforming Cross-Border Business Real-time payments are revolutionizing cross-border transactions with instant settlements, better transparency, and reduced costs. Learn how your business can benefit. Faster settlements : Transactions that used to take 2–5 days now clear in seconds or minutes. Enhanced transparency : ISO 20022 enables standardized messaging and better tracking. Lower transaction costs : RTP reduces dependency on SWIFT and intermediary banks. Improved liquidity : Real-time access to funds enhances cash flow and working capital. Global adoption: Markets like EU, Singapore, UK, and India are embracing RTP for global trade. For instance, fish gambling games are interactive, shooter-style games that offer huge win potential, with significant multiplier prizes and big payout opportunities. You rack up wins by aiming at high-value fish, and when those multipliers hit, the rewards can spike fast. That kind of instant excitement only works if the payments keep up. A review of fish game gambling sites shows that these platforms typically support flexible, fast payment methods like crypto, e-wallets, and even prepaid cards to make sure players get their money without delay. If withdrawals are slow or deposits fail to reflect instantly, users tend to leave. In spaces where there are dozens of alternatives, there's little tolerance for delays. What used to take two or three days now happens in seconds. Across borders, this shift means users can pay for services, top up their accounts, or cash out without dealing with clearinghouse delays or timezone restrictions. That expectation now extends further than online entertainment. E-commerce retailers that cater to international customers want to be paid immediately after an order is placed. Small businesses exporting to other markets want to avoid the lag that slows down their supply chains. The speed of the transaction is starting to impact the pace of the business. The UK hasn't always been at the forefront of this movement, but that's starting to change. The upcoming Real-Time Rail (RTR) system is designed to support faster domestic payments, but the bigger win lies in how it links up with global systems. As this framework rolls out, cross-border transactions are expected to see fewer hold-ups and better transparency. Payment confirmations within seconds will no longer be limited to closed-loop systems or major platforms. Smaller businesses and individuals will start feeling the difference as well. In many remote and rural parts of the country, reliable banking infrastructure isn't always within reach. That's where real-time digital payments make a measurable difference. A contract worker in a smaller town can receive same-day payment from a client in another country. A student living away from home can get tuition support transferred instantly rather than waiting for the bank to release the funds. These are small changes on paper, but they make everyday life far less stressful. Cross-border payments also play a big role in family support, especially among immigrant households. Remittances sent back home often carry emotional and time-sensitive weight. The faster they arrive, the better. A delay of even a day can disrupt rent payments, emergency healthcare needs, or school fees in the recipient country. Real-time options reduce that uncertainty. More platforms offering fast, reliable cross-border transfers now cater specifically to this type of personal transaction, responding to demand that simply didn't exist a few years ago. On the business side, firms that rely on regular imports or contract-based labour across borders now prioritise payment speed just as much as price or quality. Many are moving away from traditional wire services and opting for platforms that integrate directly with their accounting systems and offer instant cross-border settlements. It cuts down admin time, gives a better sense of cash flow, and opens the door to working with more partners in more regions. While the infrastructure behind real-time payments is still evolving, what's clear is that people no longer treat payment speed as a bonus. It's an expectation. Whether they're streaming, gaming, paying a supplier, or sending money to family, users notice when a platform handles transactions quickly, and they leave when it doesn't.
Finextra
16-06-2025
- Business
- Finextra
Accept/Pay Global launches real-time payments with Interac
Accept/Pay Global (APG) today announced the launch of its Real-Time Payments with Interac product, enabling businesses across Canada to send and receive payments instantly and securely using Interac e-Transfers. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Enterprise customers and financial platforms looking to streamline collections and disbursements can now integrate with our API to deliver speed, convenience, and reliability in payments. The solution is now available to all Canadian enterprises, with a particular focus on high transaction volume use-cases in lending, earned wage access, and insurance. Gajen Pararajalingam, COO of Accept/Pay Global said, "Real-time payments are table stakes for delivering superior customer experiences - whether you're funding a loan, processing payroll, or settling claims. Our Interac-powered solution allows clients to move funds instantly to any Canadian bank account, securely and at scale." The Real-Time Payments with Interac product is designed to support: Instant loan disbursements for online and alternative lenders Real-time payroll and earned wage access (EWA) programs for on-demand payments Claims and customer payouts for insurance providers Faster B2B settlements and vendor payments Accept/Pay Global's API-driven platform enables seamless integration of real-time payments into existing business systems — supporting full audit trails, reporting, and automated reconciliation. Key Benefits: Instant Payments to any Canadian bank account via Interac Enterprise-grade API integration for automated payouts at scale 24/7/365 availability, including evenings, weekends, and holidays Real-time visibility into payment status and delivery Built-in compliance and fraud monitoring for regulated industries "With Accept/Pay Global's Real-Time Payments with Interac, our clients can give their customers exactly what they expect — instant access to funds," added Gajen. "We're excited to help businesses modernize their payment infrastructure and unlock new competitive advantages." Real-Time Payments with Interac is now live and available to Accept/Pay Global customers across Canada. The solution is offered as a standalone API product or as part of APG's broader electronic funds transfer (EFT) and digital payments platform.
Finextra
14-05-2025
- Business
- Finextra
How payments modernisation can help the UK retain its fintech crown
In this FinextraTV interview, Helena Forest, EVP, Global Product & Commercial, Real Time Payments, Mastercard gives her opinion on the current state of the payments landscape in the UK. Modernisation, regulatory compliance, collaboration and the governments National Payments Vision all feature as reasons to be optimistic.
