Real-time payments (RTP) have spread quickly owing to increased demand for instantaneous money movement by consumers and businesses, regulations and advances in technology.
The deployments of real-time payments (RTP) are at an all-time high due to innovations in technology, changes in regulations and customer demand for easier access to funds. However, the maturity and adoption rates of RTP vary by region.
Although the base RTP infrastructure is a step towards the future of payments, the true value of RTP is realized when surrounded with value-added services such as request to pay, fraud and liquidity management tools. Financial institutions, paytechs and big techs would benefit from providing these overlays not only to increase their bottom lines but to increase volumes on the rail itself.
Could this really be a win-win for all parties in the ecosystem?