Ever since the UK launched its own system — Faster Payments — in 2008, real-time payment schemes have been on a continuous march across the globe. Whether spurred by a regulatory mandate or driven by market forces, instant payments are now established in Australia, Singapore and Brazil, among other countries.
Real-time payments accounted for 266.2bn transactions globally in 2023, a year-over-year growth of 42.2 per cent according to the 2024 Prime Time for Real-Time Report from global payments processing provider ACI.
