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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

After two decades of tweaking and updating its existing Real-Time Gross Settlement (RTGS) system, Hong Kong determined it needed a new rail. The merits of each approach are continuing to cause energetic debate. per transaction.