Real-Time Payments World Map

Real-Time Payments Continue Global Advancement

2024-04-05 12:16 PM by Alex Mitchell

Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to their services. Real-Time Payments in Qatar Leading digital financial institution (FI) Qatar Islamic Bank (QIB) recently introduced the Fawran instant payment service. Users can access the service through the QIB …

EU Mandates Instant Payments Availability

2024-03-01 08:56 AM by Alex Mitchell

Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within 10 seconds, regardless of the date or time of day. …