PYMNTS

AUGUST 6, 2019

It is common to receive instant payments for ad hoc employment and other work-related reimbursements, but real-time Social Security and retirement payouts have yet to gain traction. Retirees are used to digital disbursement methods, but instant payments have not become popular within the U.S.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

Fintech Finance

MAY 3, 2024

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface, UPI stack in Namibia. Mr. Johannes !Gawaxab,

Underserved 52

Underserved Interoperability Instant Payments International Payments 52

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? A robust information exchange framework with common standards and protocols is a step toward enabling e-invoices and e-remittances support for instant payment messages in the United States.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

Faster Payments Council

MARCH 15, 2023

With the system joining the existing RTP system, both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'. Instant Payments can become the 'new normal' in the US, but only if we learn from the rest of the world's success.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Finovate

MARCH 7, 2025

Payments as an industry is finally beginning to reflect the diversity of peoples preferences around the world. Neal: While still in its early stages, the European Payments Initiative (EPI) is playing a crucial role in reshaping the EU payment landscape. And thats a really positive development.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

Fintech Finance

AUGUST 1, 2024

Backed by the Bill and Melinda Gates Foundation, Mojaloop’s instant payments infrastructure will support money movement on a regional and national level, as well as translate from the ILP language to what each community bank is currently using. “We

Cross-Border Payments 98

Cross-Border Payments Cross-Border Community Banks Interoperability 98

Fintech News

SEPTEMBER 10, 2024

ASEAN payment interoperability, 2024, Source: Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution, Deloitte, Jul 2024 Additionally, cross-continental interoperability programs were also introduced. Public-private collaborations also play a critical role in developing and promoting cross-border payments.

Cross-Border Payments 107

Cross-Border Payments Cross-Border APACS Interoperability 107

Fintech News

DECEMBER 10, 2023

Combatting fraud As the world becomes more interconnected and instant payments gain prominence, the threat of fraud also rises. Push payment fraud, where funds are transferred to fraudulent accounts, is a significant concern. The immediacy of instant payments demands precision and validation.

Addressing 117

Addressing Fraud Prevention Financial Inclusion Payments 117

The Payments Association

MARCH 18, 2025

Consider alternative credit scoring: in underbanked markets, open data allows lenders to assess creditworthiness using mobile payments, utility bills, and telecom data. For payments providers, this blurs the line between transaction services and credit enablement, with implications for product strategy and partnerships.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

APRIL 21, 2017

Icon Solutions announced the enhancement of its Instant Payments Framework (IPF) product to support connectivity to The Clearing House (TCH), which will accelerate U.S. banks’ access to real-time payments. financial institutions’ participation in real-time payments. “We We foresee a high demand for IPF in the U.S.

Real Time Payments 40

Real Time Payments TCH RTP Product 40

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. CUs are expanding their reach to previously underserved marketplaces, too, thanks to a relaxation of hemp-related laws.

Credit Union 63

Credit Union NCUA Online and Mobile Banking Underserved 63

The Fintech Times

JANUARY 28, 2025

What are some payments trends we’re seeing in Mexico and Brazil? In Brazil, PIX , the instant payment network introduced by the central bank, is rapidly transforming the payments landscape. By 2026, PIX is projected to account for 40 per cent of online payments, demonstrating its widespread adoption among consumers.

Cross-Border 59

Cross-Border Cross-Border Payments B2B Instant Payments 59

The Fintech Times

FEBRUARY 29, 2024

For example, in Mexico, despite having instant payments, there’s still low banking usage. Kenya, however, skipped traditional banking and moved straight to mobile payments. “Unlike in established markets, the absence of existing systems and infrastructure allows the chance to start from scratch with payment technology.”

Payments Trends 59

Payments Trends Online and Mobile Banking Payments Push-to-Card 59

Fintech News

SEPTEMBER 4, 2024

Additionally, LazyPay provides instant personal loans through its app, catering to a wide range of financial needs, from everyday purchases to emergencies. This innovative approach makes LazyPay a pioneer in offering credit through the Unified Payments Interface (UPI), a first in India.

BNPL 104

BNPL Online and Mobile Banking Credit Limit Credit Cards 104

PYMNTS

SEPTEMBER 6, 2019

Traditional insurance providers have yet to update their paper-based methods and thus underserve the gig workers who need them. We have a payments system, and I think that a lot of traditional insurers are still thinking billing systems.”.

Economy 40

Economy On-Demand Automation Instant Payments 40

The Fintech Times

JULY 9, 2024

As part of this collaboration, NOW Money will issue Mastercard payment cards to its customers, aligning with its mission to offer inclusive financial solutions to underserved communities and improve the financial wellbeing of its users across the GCC.

ISO 20022 59

ISO 20022 FinTech ISOs Payroll 59

PYMNTS

AUGUST 30, 2018

But that focus on big players also excluded 95 percent of businesses, which is a pretty large segment to leave underserved. Digital payments, on the other hand, can involve just enough waiting to be a small problem for small businesses that always need their funds right away. The Power — and Perils — of Instant Payment.

Push-to-Card 42

Push-to-Card ATM Small Business Online and Mobile Banking 42

Faster Payments Council

MARCH 30, 2022

Financial institutions require 24/7 connectivity, real-time settlement and liquidity management, customer interfaces, and fraud mitigation tools to prepare their underlying systems for instant payments.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

The Fintech Times

DECEMBER 18, 2024

It also reduces costs through resource sharing, enhances system resilience, and supports economic inclusion by expanding access to financial services for underserved groups. Over these years, CBI has developed several open banking and open finance services and achieved a variety of goals at national and international level.

Finance 115

Finance IBAN Fraud Prevention Interoperability 115

Fintech News

APRIL 1, 2025

Leading digital banks also offer innovative features, including AI-driven financial planning, blockchain technology, and instant payments. Premier user experience is another defining factor, with intuitive mobile apps, seamless transactions, and responsive customer support setting the best apart.

Online and Mobile Banking 124

Online and Mobile Banking Multi-Currency Authorization Regulations 124