Remove C2B Remove Consumer Remove Real Time Gross Settlement (RTGS)
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TRENDING: Inside Hong Kong’s New Faster Payment System

PYMNTS

Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Demand is also heating up for real-time gross settlement (RTGS) systems. The governor of the Federal Reserve is pushing conversations on getting an RTGS system in the U.S.,

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What Hong Kong’s New Faster Payment System Means

PYMNTS

Small retailers want to keep their cash flow moving by receiving consumer payments quickly, while large corporations need improved data and visibility to ensure their B2B transactions arrive on schedule. And consumers are at risk of abandoning their purchases if they can’t pay quickly and with minimal hassle. per transaction.