PAYMENTS
SIX KEY FACTORS
GLOBAL ADOPTION IS ACCELERATING Over 70 countries worldwide have now successfully introduced some form of real-time payments technology, building on the UK’ s pioneering Faster Payments system launched in 2008.
B2B SECTORS FACE TRANSFORMATION Over the next 18-24 months, B2B platforms, expense management, HR and payroll, and logistics will be particularly transformed by real-time payments due to operational efficiency impacts.
THREE CRITICAL SUCCESS FACTORS Successful real-time payment implementations require strong publicprivate collaboration, user experience focus, and interoperability between different payment systems.
FRAUD RISKS INTENSIFY WITH SPEED Instant settlement finality means fraudulent transactions cannot be easily reversed, requiring embedded intelligent risk controls and real-time decisioning solutions.
GIG ECONOMY DRIVES DEMAND The prevalence of contractor and gig work services in various industries creates strong demand for instant access to funds and seamless payment experiences.
REGULATORY COMPLEXITY GROWS GLOBALLY The core challenge lies in aligning fragmented regulatory frameworks across jurisdictions while navigating GDPR, Anti-Money Laundering procedures, and varying data requirements.
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