August 2, 2016
Instant payments or real-time payments are our inevitable future. Thanks to financial technology startups and technology giants like Google, consumer expectation for the speed and security of payments transformed significantly. In 2016, major financial institutions forced to keep up with expectations are launching proprietary solutions or getting in bed with startups that are able to help them with efficient real-time payments solutions.
However, we’re probably still not at a stage when instant payments are a routine. While consumers have extremely high expectations from payments providers, it is actually quite a complex task to introduce such a service.