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Instant Payments Is Booming: McKinsey Global Payment Report 2023

Usage of cash globally is decreasing at a consistent pace as electronic transactions, including those involving instant payments and digital wallets, are taking off, a new report by McKinsey shows. The 2023 Global Payments Report, released on September 18, shares

Mobile Payments

Account-to-Account Transactions Soar Globally Amid Merchant Adoption and Real-Time Payment Push

Account-to-account (A2A) payments are taking off around the world, driven by booming adoption of the payment method by businesses and payment infrastructure modernization efforts from governments, a report by fintech solution provider FIS says. The 2023 Worldpay from FIS Global

Money Transfer

With SIC5 Around the Corner, Experts Weigh in on Possible Impact of Instant Payments in Switzerland

Instant payments are scheduled for rollout in Switzerland in the summer 2024, opening up new opportunities in payment transactions, digital commerce and customer experiences. But the new standard will also put pressure on banks’ lucrative card businesses and will cost