Instant payments may look free to the person tapping “send,” but somebody must pay to keep the money moving around the clock. News surrounding India’s instant payments framework shows some of the economics underpinning faster funds. Beginning Oct. 15, a 0.4% merchant discount rate (MDR)...
A payment moving from one country to another passes through banks, clearing systems and payment networks that operate under different rules. The recipient information used to check the payment and bolster security can be just as fragmented. Payee verification connects some of those far-flung systems....
Corporate treasury technology has perennially been a visibility game. Banks, treasury management systems and FinTechs promised CFOs a better view of balances, payments, liquidity and forecasts. And the provider landscape did indeed provide that view. But better dashboards are becoming table stakes just as artificial...
Money can move at 2 a.m. on Sunday. The systems needed to fund, convert, settle and account for that flow of funds may have another schedule. Three developments last week illustrate the timing variances. Seven U.K. banks completed the first live customer transactions using tokenized...
October 05, 2026
Moving money faster has compressed the time banks have to answer a more complicated question: How should this particular payment move? A transaction can arrive through online or mobile banking, an API or, potentially, an artificial intelligence agent. The bank may have several ways to send the money, including batch and instant rails. Before choosing […]
September 24, 2026
Millennials’ financial lives are shaping how they receive, spend and manage money, creating new opportunities for payment providers to make transactions faster and more useful. About 7 in 10 millennials...
September 22, 2026
Asia-Pacific’s real-time payment systems are moving beyond domestic transfers as countries look to connect national infrastructure across borders. The September 2026 PYMNTS Intelligence Real-Time Payments World Map, produced in collaboration...
September 16, 2026
Money can trade in seconds, yet investors may still wait days to receive it. That gap can make a fast digital platform feel surprisingly slow at the exact moment a...
September 24, 2026
The European Central Bank (ECB) will assess the feasibility of interlinking the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform with Brazil’s Pix instant payment system, the central bank said in a Thursday (Sept. 24) press release. The ECB’s governing council approved the launch of the assessment, and the ECB will work with the Central Bank […]
August 19, 2026
Mexico is launching a campaign to steer citizens from cash to digital payments, the Financial Times reported Wednesday (Aug. 19). Part of the effort involves an attempt to rejuvenate Codi,...
August 12, 2026
Real-time payments company Sionic has launched its instant bank pay service through Microsoft Marketplace. With this integration, Sionic can offer real-time, bank-to-bank payments at the point of sale, the company...
August 10, 2026
Brazil’s central bank sounds more certain than in the past that it will link its instant payment system, Pix, to similar platforms in other countries, Reuters reported Monday (Aug. 10)....
