Real-Time Payments

Real-Time Payments
ACI Worldwide Offers Instant Payments to UK and EU Merchants
June 19, 2023

ACI Worldwide has launched its instant payments solution for merchants in Europe and the U.K. ACI Instant Pay will let merchants in these areas accept instant online, mobile and in-store payments by integrating with the real-time company’s payment orchestration platform, ACI said in a Monday (June...

Real-Time Payments
Mexico and Peru to Follow Brazil’s Real-Time Payments Footsteps
June 18, 2023

Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years.  In Peru, for example, proliferation of the Immediate Interbank Transfers (IRT) system has been slow...

Real-Time Payments
PYMNTS Intelligence: Leveraging Real-Time Payments to Help Paycheck-to-Paycheck Households
June 15, 2023

As inflation grows faster than most wages, an increasing number of households are living paycheck to paycheck, having just enough money to make it to the next payday with little to no funds in savings or investment accounts. Even households with high wages can find...

Real-Time Payments
How Earned Wage Access Can Change the Game for Paycheck-to-Paycheck Families
June 14, 2023

With 60% of U.S. consumers now living paycheck to paycheck, PYMNTS examines the latest support for using real-time payments and instant payroll as a vital tool to help consumers manage their cash flow more efficiently without tapping into short-term credit.

Real-Time Payments
A Paycheck-to-Paycheck Consumer Needs Faster Payouts
June 13, 2023

The popular conception of a household living paycheck to paycheck may be one of poverty. The reality is that a large share of households representing all economic strata live this way. A recent PYMNTS study found that 48% of high-income households live paycheck to paycheck....

Real-Time Payments
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. The real-time payments system’s transaction count hit 9.41 billion in May, up 58% year over year, the National Payments Corporation of India (NPCI) said in a Thursday (June 1) tweet. It’s 9 Billion+ transactions...

Real-Time Payments
Peru and Pakistan Expect Massive Real-Time Payments Growth by 2027
June 01, 2023

Each country implementing real-time payment methods has to balance various factors, including its banked population, the current favored payment schemes of the populace and penetration of digital payment methods, among many other variables. This month PYMNTS explores the state and future of real-time payments in...

Real-Time Payments
Batch Payments to Become a Long-Lived Reality in Real-Time World
May 24, 2023

The shift toward real-time payments won’t doom batch payments to extinction. There’s room for co-existence, Mark Staunton, head of customer success in North America at Form3, told PYMNTS, even when FedNow launches in the United States in just a matter of weeks. An example has been set in the...

Real-Time Payments
PYMNTS Intelligence: How Open Banking Drives Instant Payment Implementations
May 23, 2023

Instant payments are quickly growing in popularity in the United States and abroad, but their adoption has often been hampered by a need to interface with customers’ preferred financial institutions (FIs). Customers are then faced with a difficult choice: abandon their current bank in favor...