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Real-time Payments Any format, Zero Errors

Real-time (or ‘immediate’ or ‘instant’) payment systems are not a new concept but this year will see a raft of new initiatives worldwide. This leaves organisations in a state of flux, today the biggest player in the real-time payment race is Swift, late last year SWIFT announced that gpi is now used in the majority

  • Editorial Team
  • May 7, 2019
  • 1 minute

Real-time (or ‘immediate’ or ‘instant’) payment systems are not a new concept but this year will see a raft of new initiatives worldwide.
This leaves organisations in a state of flux, today the biggest player in the real-time payment race is Swift, late last year SWIFT announced that gpi is now used in the majority of cross-border payments traffic, with 100 percent of those transactions made within 24 hours (and half made within 30 minutes).