Faster Payments Gone Global
Speedier payments, across the globe – faster and, in some cases, in real time. The Federal Reserve’s plan to launch FedNow may have grabbed headlines and perhaps refocused observers’ attention on real-time rails, especially in the U.S. But the move toward instant money movement is a global one, as evidenced by statistics that come from cross-border transfers in Asia and Europe leveraging networks that are already in place.
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