May 6, 2016
One way or another, instant payments OR real-time payments will certainly become a part of the routine as the technology and payments systems evolve. Financial institutions are putting significant efforts into bringing affordable and safe instant payments systems to market. Meanwhile, as consumers, we can already enjoy their convenience with Google Wallet that recently enabled instant payments using a phone number. However, we are still not at a stage when instant payments are a habitual every-day practice. While consumers have extremely high expectations from payments providers, it is actually quite a complex task. Nonetheless, since the beginning of 2016, there is already a set of companies piloting or launching their real-time and instant payments systems.