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Real-time payments have held the attention of many countries to facilitate fast and efficient real-time payments to create or enhance digital services for customers. In this blog, you’ll Discover:
This includes Unified Payments Interface in India, the RTP® network from The Clearing House in the U.S., and Fednow, the Faster Payments Service in the U.K., PIX in Brazil, and DuitNow QR codes for Malaysia. Moreover, Latin America has exceeded the region’s critical mass of mobile wallets, with 65% of consumers owning and using a mobile wallet in the first quarter of 2023 compared to the previous year.
Real-time payments represent a viable opportunity to meet the growing demand for modern payment products. Our IMS Payments platform processes Malaysia’s Real-time payments, US’s Real time Payments (RTP) and FedNow to make seamless transaction processing. ECS’ solutions are SWIFT Gold Certified, and ECS’ is among the first service provider to complete FedNow Certification for Real Time Payments.