International Faster Payments: A Growing Real-Time Presence

By Cindi Choi.
Updated Dec 8, 2021

BOSTON (PRWEB) December 08, 2021 - Real-time payments continue on a path to prominence in world markets, with these systems currently a domestic phenomenon but increasingly expected to fill cross-border demand as well. The only question is time, as these global payments rails are now available in almost 60 markets with more systems poised for launch during the next year. We have been tracking developments and faster value transfers in the United States since same day ACH was initially launched for credit transfers in 2016. With our latest research report, International Faster Payments: A Growing Real-Time Presence, we now expand into developments across the globe in various key markets with data and estimated growth in the use of these systems, as well as discussions on upcoming rails and other important initiatives underway.

Mercator Advisory Groups latest report provides a review of ten specific markets outside of the United States, with actual and forecasted value growth data through 2026. We also provide details on various initiatives underway for the eventual delivery of instant cross-border payments, something that until recently seemed to only be possible many years into the future.

Real-time payments systems are becoming more common across the globe, with new domestic rails operating in dozens of developed and developing markets with a growing ubiquity of access to bank accounts within those markets, commented Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service, co-author of the report. Substantial adoption has already been achieved in various markets and instant payment growth rates in selected countries outside the United States are expected to be near double digit between 2020 and 2026.

Highlights of this research report include:

This report is 16 pages long and has 7 exhibits.

Companies mentioned in this report include: ACH Columbia, ACI Worldwide, Bankgirot, Bank for International Settlements, Bank Indonesia, Bank of America, Bank of Italy, BBVA Group, BCS, Boston Federal Reserve, Cmara de Compensacin Electrnica, Central Bank of Malaysia, Citi, Credit Agricole, Danske Bank, Deutsche Bank, Early Warning, EBA CLEARING, Ethereum, , Handelsbanken, HSBC, ING, Interac Corp., Intesa Sanpaolo Bank, J.P. Morgan, Mastercard, Minka, MIT, Monetray Authority of Singapore, National Payments Corporation of India, Nordea, OP Financial Group, Payments New Zealand, Pay.UK, PayNet, Peoples Bank of China, PNC, P27, Ripple, SEB, Societe General, Swedbank, SWIFT, TCH, Visa, Vocalink Members of Mercator Advisory Groups Debit and Alternative Products Advisory Service practice have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

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About Mercator Advisory Group Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.