article thumbnail

The Middle East Is the Fastest Growing Real-Time Payments Market Globally For The Second Consecutive Year, Finds ACI Worldwide Report

Fintech Finance

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.

article thumbnail

From Cash To Real-Time Payments

PYMNTS

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.

article thumbnail

B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Dozens of countries already have real-time payments programs in operation, with several more under development, as identified by financial services technology provider FIS in its latest Flavors of Fast report. Those who wait may find themselves left behind as the faster payments revolution takes hold.”.

article thumbnail

Why the U.S. is taking the slow road to faster payments

Payments Source

The payments industry is engaged in 40 active real-time payments programs worldwide, but it's not as chaotic as it sounds — except in the U.S.

article thumbnail

Wells River Savings Bank To Access TCH’s RTP Network

PYMNTS

Providing real-time payments is an important step for us, allowing us to deliver important new functionality to our customers, thereby improving their customer experience,” Wells River Savings Bank CFO and COO Judy Lavely said in the announcement. according to a Tuesday (Jan.

RTP 56
article thumbnail

Mastercard: Why Nordic Countries Could Fuel RTP Push

PYMNTS

Real-time payments (RTP) is a global initiative that’s been a decade in the making and counting, one that has gained momentum over the last several years. More than 50 countries are actively pursuing, piloting or already live with real-time payment programs. Regional Change.

RTP 68
article thumbnail

Taking New Approaches To Retail Stores And Faster Payment Models

PYMNTS

80 percent: Estimated CAGR of real-time payment growth in higher education between 2018 and 2022. 54: Number of countries with active real-time payment programs. Data: 2020: The year that Anchor Shops, with a retail store and a fulfillment center, is set to open.