Payments Source

FEBRUARY 5, 2019

Peru is planning a real-time payment system with Vocalink that will put the country on par with similar systems in Thailand, Singapore, the U.S. and the U.K.

Real Time Payments 76

Real Time Payments Financial Inclusion Payments 76

Fintech News

JANUARY 12, 2025

Financial inclusion opportunities for Southeast Asia’s fintechs The report, released in December, explores the driving factors and key trends in Southeast Asias fintech market, highlighting Southeast Asias robust fundamentals which have been propelled the fintech sectors rapid growth. billion underbanked adults.

FinTech 117

FinTech Financial Inclusion BNPL Cross-Border 117

The Fintech Times

OCTOBER 23, 2024

Real-time payments could generate $285.8billion of additional global GDP growth and create over 167 million new bank account holders by 2028, according to a new report published by global paytech firm ACI Worldwide. By 2028, 167.2

Real Time Payments 59

Real Time Payments Financial Inclusion Instant Payments Economy 59

Finovate

JUNE 10, 2024

Earlier this year, we looked at how the drive for real-time payments in the West could benefit from studying the successes of India’s real-time payments network , UPI. Last month, NIPL announced that it was working to bring a UPI-type payment system to Namibia.

Real Time Payments 83

Real Time Payments Technology Financial Inclusion Financial Literacy 83

Neopay

OCTOBER 23, 2024

Real-time payments are forecast to generate $285.8 The report leverages data from 40 countries and reveals for the first time an empirical link between real-time payments and financial inclusion. Across all 40 countries in the study, real-time payments boosted GDP by a total of $164.0

Real Time Payments 52

Real Time Payments Financial Inclusion Payments Economy 52

Fintech Finance

FEBRUARY 28, 2024

It means Colombian businesses and consumers will be able to reap the many benefits of real-time payments, including economic growth and financial inclusion. Globally, ACI covers approximately one-third of the countries that offer real-time payment services, reaching about 1.8

Real Time Payments 81

Real Time Payments Financial Inclusion Central Bank Payments 81

Fintech News

JANUARY 26, 2025

The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance. As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financial inclusion and bridging technological gaps between advanced and developing economies.

Payments Trends 122

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 122

PYMNTS

JANUARY 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books.

Financial Inclusion 95

Financial Inclusion Payments Governance Government 95

Finovate

MARCH 26, 2024

Alan Bekker of eSelf on the future of AI in financial services, The Clearing House’s Jim Colassano on real-time payments, financial inclusion and wealth-building with Rodney Williams of SoLo Funds … these are just a handful of the interviews Greg Palmer and the Finovate Podcast have featured in recent weeks.

Real Time Payments 59

Real Time Payments Fraud Prevention Financial Inclusion AI 59

Payments Source

JUNE 6, 2019

Brazil is the latest Latin American country to establish plans for a low-cost instant payments network with the aim of increasing financial inclusion and eliminating cash from the economy.

Real Time Payments 87

Real Time Payments Financial Inclusion Instant Payments Payment Networks 87

Fintech Finance

MARCH 7, 2025

Latin America’s Digital Payment Revenue to Triple by 2027 Latin America’s digital payments market is set to grow significantly, with revenue projected to reach USD 0.3 Growth is driven by financial inclusion, fintech innovation, and regulatory reforms. trillion by 2027. Key Takeaways – Report Summary 2.

Digital Payments 96

Digital Payments Payments Debit Card Cryptocurrency 96

Fintech News

NOVEMBER 13, 2024

The company highlighted its Visa Direct service, which facilitates real-time payments through partnerships with social media networks and marketplaces. Visa also addressed the challenge of slow payouts, a problem a recent Visa survey revealed affects over two-thirds of creators.

Small Business 118

Small Business Financial Literacy Debit Card Real Time Payments 118

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. According to ACI’s latest Prime Time for Real-Time report, 3.8 between 2023 and 2028. “We

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

The Fintech Times

FEBRUARY 8, 2025

Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

ACI Worldwide Blog

MAY 13, 2024

Real-time payments are carving a new norm in the rapidly evolving payments landscape. Spurred by global governments and regulators, instant payments are viewed as a catalyst for economic growth, financial inclusivity, and transparency.

Real Time Payments 52

Real Time Payments Financial Inclusion Instant Payments Payments 52

PYMNTS

DECEMBER 6, 2018

Forty countries: That’s how many places either have real-time payments programs in progress or live. Along the way they dug into important data points that describe not only the current status of real-time payments , but the opportunities that could help spark further growth. That’s progress. More than $1.4

Real Time Payments 56

Real Time Payments RTP Payments Economy 56

Clearly Payments

OCTOBER 31, 2024

Growth : In regions such as Southeast Asia and Latin America, bank transfer payments have grown by 20% annually due to increasing banking access. Faster Payments (U.K.), Rise of Real-Time Payments (RTP) : Real-time payment systems are expected to grow by 15% annually , as consumers and businesses alike demand instant fund transfers.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Fintech Times

DECEMBER 13, 2024

These initiatives boost Kuady’s portfolio of secure, real-time payment solutions and user-friendly e-wallet features, supporting transactions in both local currency and USD. ” The post Kuady Advances Financial Inclusion with New Services in Ecuador and Argentina appeared first on The Fintech Times.

Financial Inclusion 59

Financial Inclusion Real Time Payments Cross-Border Visa 59

The Fintech Times

MAY 1, 2024

ACI Worldwide , the payments system company, and GlobalData , the data and analytics firm have worked together on a new report revealing which real-time payments markets across the world are the most successful. The report is aptly timed as global real-time payments growth has reached sustainable levels with 266.2

Real Time Payments 59

Real Time Payments APACS Cross-Border Cross-Border Payments 59

Fintech Finance

SEPTEMBER 13, 2024

This comprehensive guideline provides essential insights and best practices for financial institutions (FIs) as they navigate the complex landscape of instant payments. With contributions from industry experts, the guideline aims to help FIs enhance their operational readiness for real-time payments, including RTP® and FedNow®.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Fintech Finance

NOVEMBER 8, 2024

This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike. ” “Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions.

Cross-Border Payments 98

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

The Payments Association

DECEMBER 18, 2024

As digitisation and technological advancements propel digital payment solutions to become faster, cheaper, and more accessible, opportunities for global commerceespecially cross-border e-commerce will expand. Real-time payments (RTP) could reach $193.1 billion within the multi-rail payments ecosystem by 2030.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

PYMNTS

MARCH 14, 2018

Financial inclusion is no mere buzzword in financial services. In an interview with PYMNTS, Eddie Grobler, executive vice president of ACH Systems and Integration with Vocalink , noted that financial inclusion can help individuals, families and businesses find surer financial footing on a day-to-day basis.

Financial Inclusion 48

Financial Inclusion Real Time Payments Mobile Banking Federal Reserve 48

Fintech Finance

APRIL 30, 2024

Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according billion real-time transactions are forecast by 2028, representing a 2023-2028 compound annual growth rate (CAGR) of 16.7%.

Real Time Payments 52

Real Time Payments Use Case Transactions Cross-Border 52

Fintech Finance

DECEMBER 12, 2024

These developments underscore Kuadys commitment to driving financial inclusion and delivering innovative payment solutions across the region. The launch in Ecuador spreads Kuadys footprint across Latin America, following successful rollouts in Mexico, Peru, Argentina and Chile.

Visa 98

Visa Real Time Payments Financial Inclusion Cross-Border 98

The Fintech Times

JULY 31, 2024

India has firmly established itself as a global leader with the digitalisation of its financial sector, according to the latest report by the Reserve Bank of India (RBI). The RBI report highlights that India is leading the way when it comes to real-time payments, boasting a share of 48.5

Real Time Payments 59

Real Time Payments Cross-Border Volume Financial Inclusion 59

Fintech Finance

JUNE 5, 2024

NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This strategic partnership empowers the BCRP to establish a reliable and efficient real-time payments platform within the country.

Real Time Payments 52

Real Time Payments Financial Inclusion Agreements International Payments 52

Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech Finance

MAY 28, 2024

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.

Real Time Payments 52

Real Time Payments Online and Mobile Banking Economy Payments 52

Fintech News

APRIL 24, 2025

From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Each plays a key role in transforming how Indonesians save, spend, invest, and access financial services.

FinTech 120

FinTech Online and Mobile Banking Payment APIs and Integration Finance 120

Fintech Finance

DECEMBER 13, 2023

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published the Real-Time Payment Application Program Interfaces (APIs) report in its Faster Payments Knowledge Center. The post U.S.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

The Payments Association

FEBRUARY 13, 2025

While its domestic success is widely acknowledged, its growing role in cross-border payments is an emerging frontier with immense potential for international remittances and global commerce. Its key advantages include instant transactions, interoperability across banks and payment apps, low-cost processing, and enhanced security features.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Interoperability Payments 88

Fintech Finance

OCTOBER 22, 2024

By harnessing Nium’s expertise in facilitating seamless cross-border payments, coupled with Doha Bank’s localised insights and market expertise, this partnership aims to introduce real-time payment solutions that set a new standard for efficiency and affordability in the industry.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Real Time Payments Financial Inclusion 98

Fintech News

DECEMBER 10, 2023

LexisNexis Risk Solutions offers advanced fraud prevention solutions that enable financial institutions and businesses to safeguard their payment processes while maintaining a seamless customer experience. The immediacy of instant payments demands precision and validation.

Addressing 117

Addressing Fraud Prevention Financial Inclusion Payments 117

Fintech Finance

OCTOBER 18, 2024

This partnership empowers more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Payment Solutions Real Time Payments 116

Fintech News

MAY 28, 2024

Embrace Financial Inclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financial inclusion — a major focal area for APAC digital banks as well. This presents a massive untapped market for digital banks willing to prioritise financial inclusion.

APACS 126

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 126

The Payments Association

JANUARY 21, 2025

The report also notes a shift in consumer preferences, with rising adoption of digital wallets, mobile POS payments, and BNPL services. Looking to 2025, mobile payments and digital commerce are projected to exceed 10 trillion, with open banking and real-time payments leading growth.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88