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Real-time payments – how can your business benefit

Real_time_payments
The COVID-19 pandemic has dramatically accelerated change in the payments industry. Digital payments have soared as the world has worked and played from home.

Innovation has ramped up as the payments industry has raced to meet demand and develop new products and services. And organisations’ resilience has come under greater stress as they scramble to meet their payments obligations while mitigating risks such as cyber threats.

New research from FIS suggests that as businesses look to focus on recovery from the pandemic, there is widespread acceptance that now is the time to invest in new payments innovations and upgrade capabilities.

In particular, real-time payments are at an inflection point. Demand from customers and suppliers is growing, and providers are now overcoming their previous challenges of fragmentation and technology blockages. As the real-time payments model matures, it looks set to be at the heart of the next stage of payments innovation.
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