The Real-Time Payments World Map – August 2023

Real-Time Payments Taking Hold from South Africa to Sweden

The Real-Time Payments World Map – August 2023

More and more transactions are being made via real-time payments — and not just in Spain, where the CAGR is 30%, but from Cape Town to Stockholm. In this edition of “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS details real-time payments developments in South Africa, South Korea, Spain, Sri Lanka and Sweden.

Inside the August World Map

  • The pan-EU SCT Inst system is more popular in Spain than the country’s homegrown Bizum system.
  • Sweden launched its BIR payment scheme in 2012, which now accounts for a 14% share of total payments volume there.
  • South Korea’s CD/ATM scheme is the second-oldest real-time payment system in the world — only Japan’s is older.

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    Real-Time Payments World Map