Real-Time Payments Tracker® – July/August 2021

NEW REPORT: Real-Time Payments Help Fix Cross Border’s Workforce Payday Cash Crunch

Real-Time Payments Tracker® – July/August 2021

Waiting hours or days for cross-border payments can be painful for independent contractors, in some cases forcing them to borrow money or fall back on payday loans to stay afloat. In the Real-Time Payments Tracker, a PYMNTS and The Clearing House collaboration, Citi’s Melissa Tuozzolo explains how real-time payment networks can help workers get a handle on their expenses.

Inside the July/August Tracker

  • An interview with Melissa Tuozzolo, head of payments financial market infrastructure and industry for Citi, on how the pandemic forced the cross-border payments space to reexamine the need for frictionless, real-time payments
  • Recent headlines from the global cross-border payments space, including why 71 percent of businesses agree that the current cross-border payment system is problematic and why Singapore and France are experimenting with m-CBDC to shortcut the standard cross-border payment process
  • An in-depth examination of how once-revolutionary cross-border payment networks have fallen behind the times and are now in danger of creating a headwind for businesses unless they use real-time innovation technology to adapt

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