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Demand is also heating up for real-timegrosssettlement (RTGS) systems. The governor of the Federal Reserve is pushing conversations on getting an RTGS system in the U.S., By September of this year, 40 such rails were live, with 16 more expected to launch by early 2020. USD) per transaction.
Faster payments solutions must meet a variety of demands. After two decades of tweaking and updating its existing Real-TimeGrossSettlement (RTGS) system, Hong Kong determined it needed a new rail. And consumers are at risk of abandoning their purchases if they can’t pay quickly and with minimal hassle.
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