Introduction In today’s fast-paced world, people expect quick and easy payment options. SEPA Instant Credit Transfer (SCT Inst) delivers just that! Launched in November 2017, SCT Inst is a real-time payment system that allows for…
Key takeaways SEPA Instant Payments make money/funds transfer faster, safer, and more efficient. The streamlined process of SEPA Instant makes instant cross-border transactions possible, which was out of grasp for so long. SEPA Instant Payments are available…
In an era of constant change, banks tackle short-term hurdles while staying committed to long-term goals. Join us as we explore the vibrant world of the 2024 banking industry, where every twist and turn unveil…
Today’s customers want more from their banks in terms of service and capabilities, and Fintechs are more than eager to provide those expectations. To stay up with the banking sector’s rapid innovation, deliver on these…
According to a recent Juniper Research analysis, worldwide spend on QR code payments would exceed $3 trillion by 2025, up from $2.4 trillion in 2022. This 25% increase will be driven by a greater emphasis…
FedNow has gone live successfully on July 20, 2023, with around 30 early adopters, settlement agents and certified service providers. A majority of businesses (83%) and consumers (75%) are already using faster payments, and…
Real-time payments (rtp) have long captivated financial sector insiders, but they are increasingly capturing the attention of a wider audience in today’s expanding digital economy. Payments in real time are not a new concept. In…
In the fast-paced and competitive world of retail, staying ahead of the curve is essential. One way to achieve this is through the use of Robotic Process Automation (RPA) to automate repetitive tasks and improve…
The usage of cash has declined because of changes in purchasing patterns exacerbated by the pandemic, and contactless payment solutions have become more popular. Last year, Visa’s global networks handled an estimated $13 trillion in…
A touch of technology in every breath of life is something the current generation is dependent on. There was a time when technology was present with limitations and conditions. A time when technology was an…
Information Technology is playing a key role in digitizing everything today. Talking about IT, Cloud is easily the most essential asset. As financial services are evolving every day, expectations of availing and making use of…
In this technologically advanced world, the methods used for making payments has become so exceptional that instant payments has become completely effortless. Right from small scale vendors to shopping malls, everywhere we see QR codes…
